APM Terminals completes Virginia divestment

APM Terminals has now completed the sale of its terminal in the Port of Virginia to new owners Alinda Capital Partners and Universities Superannuation Scheme Lt., says the Maersk-owned terminal and port company.

Maersk's terminal and port company APM Terminals has now completed its exit from the Port of Virginia, after the company in June announced that it had sold its facility to private equity funds operated by Alinda Capital Partners and Universities Superannuation Scheme Lt. The sale has now been completed, and the new owners received ownership of the port on Friday, says APM Terminals in a statement.

The terminal in Virginia has a capacity of 550,000 teu, and APM Terminals has expanded it further with remote controlled cranes for handling containers. The terminal has been leased to Virginia Port Authority since 2010.

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