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Provider: Reuters Investment Profile
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Provider: Thomson Reuters StreetEvents

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AP Moeller - Maersk A/S' Maersk Inc. Sells Bridge Terminal Transport, Inc. to Platinum Equity-Reuters

Wednesday, 7 Aug 2013 05:59pm EDT 

Reuters reported that Maersk Inc., a subsidiary of AP Moeller - Maersk A/S, has announced the company had entered into an agreement to sell substantially all the assets of its subsidiary Bridge Terminal Transport, Inc. (BTT) to an affiliate of Platinum Equity, a Los Angeles-based private equity firm. The transaction is expected to be completed on or about September 1, 2013, subject to satisfaction of customary closing conditions. The transaction will have no impact on the Group's result for 2013.