Inactive Instrument

Global Ports Investments Plc

GLPR

US37951Q2021

Maersk Subsidiary to Sell 30.75% Stake in Global Ports Investments

March 11, 2022 at 08:05 pm IST

By Jaime Llinares Taboada

Global Ports Investments PLC said Friday that APM Terminals BV intends to sell its 30.75% shareholding in the company.

Global Ports is a London-listed group which owns and operates marine terminals in Russia and Finland. Trading of the company's global depositary receipts was suspended by the London Stock Exchange on March 3 alongside other Russian stocks due to the war in Ukraine.

APM Terminals is a port-operating subsidiary of Danish shipping giant A.P. Moeller-Maersk AS.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

03-11-22 0935ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
AP MOLLER MAERSK	11,522 DKK	+1.88%	-1.58%	2.54TCr
LONDON STOCK EXCHANGE PLC	9,322 GBX	+0.34%	+1.02%	6.27TCr
FTSE 100	8,374 PTS	+0.04%	-0.80%	-
US DOLLAR / RUSSIAN ROUBLE	90.23 RUB	+0.03%	-0.51%	-

Latest news about Global Ports Investments Plc

OOO Delo-Center acquired additional 29.76% stake in Global Ports Investments Plc from minority shareholders.	18/04	CI
Maersk nears complete Russia exit after selling logistics sites	20/23/20	RE
CMA CGM completes Russia exit with terminal stakes sale	05/23/05	RE
Global Ports To Divest 25% Stake In Finnish Multi Link Terminals	30/22/30	MT
Global Ports Investments Plc entered into an agreement to acquire 25% stake in Multi Link Terminals Ltd Oy and CD Holding Oy.	30/22/30	CI
Global Ports Investments Plc acquired Spika LLC.	31/22/31	CI
Global Ports Investments plc Announces Board Elections	17/22/17	CI
Global Ports Investments Plc agreed to acquire Spika LLC.	03/22/03	CI
Changes Global Ports Investments plc Announces Board Changes	21/22/21	CI
Global Ports Investments plc Announces Board Changes	13/22/13	CI
OOO Delo-Center completed the acquisition of additional 30.75% stake in Global Ports Investments Plc (LSE : GLPR) from APM Terminals B.V.	13/22/13	CI
OOO Delo-Center has entered into a binding agreement to acquire additional 30.75% stake in Global Ports Investments PLC from APM Terminals B.V	29/22/29	CI
Global Ports Investments Plc Reports Earnings Results for the Half Year Ended June 30, 2022	19/22/19	CI
Global Ports Investments plc Announces Board Appointments	29/22/29	CI
Companies sell their businesses in Russia	18/22/18	RE
Factbox: Companies sell their businesses in Russia	17/22/17	RE
Global Ports Investments plc Announces Board Changes	10/22/10	CI
Lambros Papadopoulos, Independent Non-Executive Director Withdraws Candidacy from Re-Election at Global Ports Investments Plc	08/22/08	CI
Global Ports Investments Plc Announces Resignation of Inna Kuznetsova from the Board of Directors	13/22/13	CI
Factbox-Companies count the cost of ditching Russia	06/22/06	RE
Maersk in Talks with Buyers for Stake as Quits Russia	04/22/04	CI
Companies count the cost of ditching Russia	21/22/21	RE
Fitch Withdraws Ratings On Three Russian Port, Airport Operators Amid EU Sanctions	31/22/31	MT
Global Ports Investments PLC Announces Change to the Board Committee	24/22/24	CI
Maersk calls at Russian ports to pick up 50,000 stranded containers	15/22/15	RE

Chart Global Ports Investments Plc

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Company Profile

Global Ports Investments Plc is a holding company. The Company is engaged in the operation of container and oil products terminals in Russia and the Baltics. It offers its customers a range of services for their import and export logistics operations. It operates over five container terminals in Russia; over two container terminals in Finland; inland Yanino Logistics Park (YLP) and inland Logistika-Terminal (LT), which are located in the vicinity of St. Petersburg, and oil product terminal AS Vopak E.O.S. that is located in Estonia. Its segments are Russian Ports, including Petrolesport, Farwater and various other entities, First Container Terminal, Ust-Luga Container Terminal, Moby Dik and various other entities, LP and YLP; Finnish ports, including of container terminals in the ports of Vuosaari and Kotka, and VEOS, including AS Vopak E.O.S., various other entities and the intermediate holding company that own and manage an oil products terminal in Muuga port near Tallinn, Estonia.

Sector

Marine Port Services

Calendar

04/09/2024 - Q2 2024 Earnings Release (Projected)

More about the company

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