On 13 September 2022, Delo Group (“Delo”) completed the acquisition of a 30.75% stake in Global Ports Investments Plc (“GPI”) from APM Terminals (“APMT”), the terminals business of A.P. Moller - Maersk, after fulfilling all necessary conditions, including obtaining approvals from the Russian Federation authorities. As a result, Delo’s shareholding in GPI increased to 61.50%.

Delo and AMPT closed the transaction on arm’s length terms, which include the possibility for APMT to return to a joint business with Delo in the future.

About the Company

Delo Group is Russian transportation and logistics holding, operating its own fleet and managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is Delo Management Company.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator RUSCON and the intermodal container operator TransContainer. The shipping business is represented by the Sakhalin Shipping Company (SASCO), is one of the biggest Russian shipping companies.