Russian Global Ports performs major impairment
Russian port operator Global Ports, of which APM Terminals owns 37.5 percent, performs a USD 58 million impairment on its Saint Petersburg business, due to lower growth than expected.
BY OLE ANDERSEN
Russian port operator Global Ports, listed on the London Stock Exchange and partially owned by Maersk through APM Terminals, finished 2012 with a net result 16 percent lower than last year. The reason is an impairment performed on the Global Ports container terminal in Saint Petersburg, writes news agency Reuters.
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