APM Terminals is open to diluting its ownership stakes
APM Terminals' CEO Morten Engelstoft will review the entire portfolio of ports and non-core activities, and ownership stakes are not a sacred cow to him. There could potentially be divestments of non-strategic assets as well as reducing ownership in ports, he tells ShippingWatch.
APM Terminals, which is, by far, one of the most important business areas in Maersk Group's new strategy, is prepared to divest assets. The company is also open to reducing its ownership in select ports around the world, explains the port and terminal company's CEO, Morten Engelstoft, after serving just six weeks in the job, which he took over from Kim Fejfer.
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