APM Terminals Invests in Russia
PORTS: APM Terminals is entering the Russian market in a strategic partnership with the leading Russian transportation group, N-Trans. APM Terminals becomes an equal controlling partner in the leading operator of container terminals in Russia.
“Russia will need world-class port infrastructure and operational excellence to serve global shipping lines and its own ambition of economic development. We have found an excellent partner to expand our network to Russia. Global Ports has a well-diversified port network, a very experienced management team, a sound customer-focus, and a good eye to grow the business”, says Kim Fejfer, CEO of APM Terminals.
The transaction values Global Ports approximately at USD 2.3 billion, making APM Terminals’ share acquisition the largest foreign direct investment in Russia’s transportation industry to date.
“This investment underpins our long term business development strategy of increasing presence in high-growth markets. The scale of entry in a market like Russia will further strengthen our diversified global portfolio. The partnership will also serve as our platform for future business development activities in this attractive part of the world”, says Francois-Xavier Delenclos, APM Terminals’ Vice President of Strategy and Business Development.
With this new partnership APM Terminals adds three container terminals in Russia, two container terminals in Finland, one inland container depot in the vicinity of St.
Petersburg and a major oil and oil products terminal to its global network. With this new partnership, APM Terminals will also be able to play a major role in expanding terminal capacity for future demand in Russia and neighboring countries when the right opportunities present themselves.
Source: APM Terminals
