A.P. Moller - Maersk divests logistics assets in Russia
The divestment of logistics sites in St. Petersburg and Novorossiysk is closed and effective as of 17 February 2023
A.P. Moller - Maersk (Maersk) has entered into an agreement to divest its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development Limited. Maersk divesting the two sites is a consequence of the company’s decision made in March 2022 to discontinue activities in 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. Throughout the divestment process, we have as a company felt a strong responsibility towards the remaining 50 employees at the two sites, and we are happy that they will be offered employment as part of the new setup,” said Karsten Kildahl, Chief Commercial Officer of Maersk.
The inland depot in Novorossiysk is a facility of 28,750 m2 with a capacity of 1,500 containers (TEU) and specializes in handling commercial cargo such as grains from railway wagons to sea containers. The chilled and frozen warehouse in St. Petersburg is a 23,500 m2 established in 2020.
The transaction has obtained the needed regulatory approvals in the EU and Russia, and upon acquiring the facilities IG Finance Development Limited has made an agreement with Arosa, a large food importer in Russia, to operate the sites in St. Petersburg and Novorossiysk.
As no further approvals are needed, the divestment is closed and effective as of 17 February 2023.
A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As the global leader in logistics services, the company operates in 130 countries, and employs more than 100,000 people. Maersk is aiming to become climate-neutral by 2040 with new technology, new vessels, and assets as well as new fuels.
