APMT moves into Russia
Matthew Beddow, Containerisation Internatiional | Tuesday, 11 September 2012
$840m deal gives terminal operator national coverage at a stroke
APMT has never made any secret about wanting to enter the Russian market, but, as its entry in other regions has so far mainly been via container terminal management concessions, its investment move this time is far more audacious.
GPI runs the Petrolesport and Moby Dik container terminals in St Petersburg, two container terminals in Finland (Helsinki and Kotka) and one in Vostochnaya, so, with the exception of the Black Sea, APMT will gain national coverage of Russia at a stroke. APMT already has a terminal management concession in Poti, at the eastern tip of the Black Sea.
GPI staff will continue to manage the business and the brand will remain unchanged.
APMT ceo Kim Fejfer (pictured left) said: "The Russian economy continues to grow and APM Terminals wants to be part of that. Global Ports is a clear leader in its sector with a very experienced and customer-focused management team and a good eye for growth opportunities. They have an excellent network of facilities with significant scope for capacity development."
Nikita Mishin (pictured right), Chairman of GPI, said: "We very much welcome APM Terminals as a partner in developing Global Ports.
’We can look forward to the successful development and efficient deployment of new capacity and will be able to respond even more quickly to the opportunities for growth in our underlying markets."