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Maersk prepared to pay USD 1.3 billion in cash for Virginia Port

APM Terminals is willing to pay USD 1.3 billion in cash up-front as part of its payment for the contract to operate the Port of Virginia. It is evident from the bids made public that the Maersk offer is far bigger than its competitors’.

1.3 billion dollars. This is what Maersk-owned APM Terminals is ready to pay up-front as part of the payment to the state of Virginia, USA, in the current bidding war for the rights to operate the Port of Virginia. This has become apparent as authorities presented the APM Terminals bid to the public on Wednesday.

In addition to the cash figure, the APM Terminals bid includes monthly concession payments to the state of Virginia, as well as APM Terminals offering to hand over its Portsmouth terminal to the state of Virginia.

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