Maersk sells its logistics sites in Russia

COPENHAGEN, Feb 20 (Reuters) – Shipping and logistics group A.P. Moller-Maersk (MAERSKb.CO) has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday.

The group said in a statement the sale of its inland depot facility in Novorossiysk, with a capacity of 1,500 containers (TEU), and a chilled and frozen warehouse in St. Petersburg had obtained regulatory approvals in the European Union 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,” Chief Commercial Officer Karsten Kildahl said in a statement.

Reporting by Nikolaj Skydsgaard, editing by Essi Lehto and Anna Ringstrom

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source: reuters.com