Edition:
United States

Maersk's APM Terminals sells share in Brazil port


Tuesday, 5 Sep 2017 02:17am EDT 

Sept 5 (Reuters) - A. P. MOLLER-MAERSK'S PORT OPERATOR APM TERMINALS SAYS:SELLS ITS 5 PERCENT SHARE IN TERMINAL DE CONTÊINERES DE PARANAGUÁ (TCP) TO CHINA MERCHANTS PORT HOLDINGS 0144.H.THE SHARE SALE WAS INITIATED AND LED BY ADVENT, WHO IS THE CONTROLLING SHAREHOLDER OF TCP.PRICE AND TERMS WERE NOT DISCLOSED AND THE SHARE SALE IS SUBJECT TO THE NORMAL REVIEWS AND CONDITION PRECEDENTS.THE EXIT REFLECTS THE COMPANY’S BROADER PORTFOLIO MANAGEMENT STRATEGY TO FOCUS ON CORE ASSETS AND DIVEST NON-CORE ASSETS. 

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