A.P. Moller Capital to buy majority stake in ports operator Euroports
A.P. Moller Capital to buy majority stake in ports operator Euroports HELSINKI, Sept 28 (Reuters) - A.P. Moller Capital, the infrastructure investment arm of Denmark's A.P. Moller Group, said on Monday it had agreed to acquire a majority stake in European ports operator Euroports.
Belgium-based Euroports operates more than 50 deep-sea and inland terminals across 10 European countries and China and handles more than 70 million tonnes of cargo annually, A.P. Moller capital said in a statement
Belgian investment groups SFPIM and PMV will remain shareholders following completion of the transaction
Financial terms were not disclosed and completion is subject to customary regulatory and other approvals
A.P. Moller Capital is an infrastructure investor that is part of the wider Maersk family conglomerate that also controls shipping and logistics group Maersk MAERSKb.CO
(Reporting by Essi Lehto, editing by Louise Rasmussen)
((essi.lehto@thomsonreuters.com; +358 50 541 2375))
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