Maersk eyes trade in deals for more than 50 terminals
The investment arm of Maersk’s corporate parent is expanding its international ports portfolio through agreements in Asia and Europe.
A.P. Moller Capital is expanding its international ports portfolio through agreements to buy Singapore-based Portek International and a majority stake in Euroports, adding exposure to container terminals and the infrastructure that moves Europe’s industrial and agricultural commodities.
The infrastructure investment manager and sister company to the Danish liner operator agreed on October 15 to acquire 100% of Portek from Japan’s Mitsui & Co. through its Emerging Markets Infrastructure Fund II. The announcement came less than three weeks after its September 28 agreement to acquire control of Euroports through a separately managed investment vehicle.
Financial terms were not disclosed. Both transactions remain subject to closing conditions and approvals.
The acquisitions extend A.P. Moller Capital’s strategy of investing in essential trade infrastructure, broadening its exposure to the terminals and logistics networks that move industrial and agricultural commodities as well as containers. Euroports strengthens its European bulk and breakbulk presence, while Portek adds a geographically dispersed terminal network across Africa, Asia and Europe.
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