AP Moeller Maersk A/S Sells Stake in Zeebrugge to China Shipping Terminal-Reuters
Reuters reported that AP Moeller Maersk A/S has signed a deal to sell a 24% stake in APM Terminals Zeebrugge to China Shipping Terminal. APM Terminals, the port operating unit of the Maersk group, said in a statement it would remain the majority shareholder. The unit owns 75% of APM Terminals Zeebrugge, after it sold 25% to Shanghai International Port Group in 2010. The deal is scheduled to be finalized by the end of June 2013. Financial details were not disclosed.
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