Maersk to Sell 25 pct Stake in Xiamen Port

APM Terminals, the port operating arm of Danish shipping and oil group A.P. Moller-Maersk, has agreed to sell a 25 percent stake in Xiamen Songyu Container Terminal, the company told Reuters on Tuesday.

The terminal is a joint venture between APM Terminals and Xiamen Port Holding Group, whose Hong Kong-listed division is Xiamen International Port Co Ltd .

APM Terminals currently owns 50 percent of the container terminal venture, and said it would retain a 25 percent stake, but did not give any financial details of the deal. 


Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *