Shipping and logistics group A.P. Moller-Maersk A/S has agreed to sell its two logistics sites in Russia to IG Finance Development Ltd, it said yesterday, nearly marking the end of its business activities in the country.
The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers, and a chilled and frozen warehouse in Saint Petersburg had obtained regulatory approvals in the EU and Russia.
“We are pleased to have found a new owner of our two logistics sites in Russia and thereby execute on our decision to divest all our assets in the country,” Maersk chief commercial officer Karsten Kildahl said in a statement.
Photo: Reuters
IG Finance Development, a company registered in Cyprus, has made an agreement with Arosa, a large food importer in Russia, to operate the sites, Maersk said.
The group still needs to sell four tug boats under its Svitzer brand, a process that is ongoing, a spokesperson said.
After that, Maersk would not have any business in Russia.
In August last year, Maersk sold a 30.75 percent stake in Russian port operator Global Ports Investments to Russia’s largest container operator Delo Group.
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