On 29 August 2022, Delo Group (“Delo”) signed an agreement with APM Terminals, a part of A.P. Moller – Maersk (“APMT”), for the acquisition of a 30.75% stake in Global Ports Investments Plc (“GPI”) (the “Transaction”).

Delo and APMT enter the Transaction on arm’s length terms. The terms include an ability for APMT to return to a joint business with Delo in the future.

The Transaction closing is subject to regulatory approvals from the Russian authorities.

About company

Global Ports Group is a leading operator of Russian marine terminals. Global Ports runs port facilities that focus on handling various cargo and is the No. 1 operator in Russia by capacity of terminals and container volumes.

Global Ports, the part of Delo Group, operates a network of five marine container terminals in Russia and two in Finland, and a logistics complex near Saint Petersburg.

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.