An outlook characterized by declining commodities prices, increasing corruption and a recession has helped dampen APM Terminals' appetite for future acquisitions in South America, reports Danish daily Berlingske.
"Since we in 2010 began a strategy for fast growth, we have entered the most important markets in the region. We believe in the region, but we also see that South American economies are not growing as expected," Julián Fernández, head of South American port investments at APM Terminals, tells Berlingske.
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