Reuters 10 September 2012
APM Termnials, the ports arm of Denmark’s A.P. Moller-Maersk (MAERSKb.CO) said on Monday that it will buy a 37.5 percent stake in Global Ports (GLPRq.L) from a Russian private transportation group N-Trans, Global Trans said in a statement.
The deal follows Russia’s accession to the World Trade Organisation, and is the largest foreign direct investment in Russia’s transportation sector to date, the company said.
APM Terminals will run the company on an equal basis with N-Trans, also referred to as Transportation Holdings Limited (TIHL), each owning 37.5 percent with 25 percent being listed in London.
Global Ports, formerly controlled by N-Trans, owns container terminals in Russia, on the Pacific and Baltic Sea costs, and in Finland.
The acquisition will bring Global Ports’ share capital to $2.3 billion, the statement said, with acquired the stake being worth roughly $860 million, according to Reuters calculations.
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