A P Moller - Maersk has now officially withdrawn from all operations in Russia.
Late last month the line announced that its terminals business, APM Terminals, had entered into an agreement to divest its 30.75% shareholding in Global Ports Investments PLC (GPI) to Delo Group.
All necessary conditions have now been fulfilled and the transaction has been completed.
“With this transfer of share ownership in GPI, APM Terminals no longer operates in Russia nor owns any assets in the country,” according to a statement from the line.
“As a consequence, the APM Terminals-appointed directors will step down from the Board of Directors of GPI with immediate effect.”
GPI is the largest container terminal operator in the Russian market. The Group owns and operates seven marine container and multipurpose terminals in two key marine container gateways. Its main business is container handling.
