COPENHAGEN (Reuters) – Shipping group Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development, it said on Monday, one step closer to shutting down its operations in the country.
The group specified that the sale of its interior depot in Novorossiïsk, with a capacity of 1,500 containers (TEU), and a warehouse for refrigerated and frozen products in Saint Petersburg had obtained regulatory authorizations in the European Union and in Russia.
“We are delighted to have found a new owner for our two logistics sites in Russia and thus to make possible our decision to divest all of our assets in the country,” commercial director Karsten Kildahl said in a press release.
IG Finance Development, a company registered in Cyprus, has entered into an agreement with Arosa, a major food importer in Russia, to operate the sites, Maersk said.
The Copenhagen-based company has yet to sell four tugs of its Svitzer brand, a process that is ongoing, a Maersk spokesman told Reuters. Once this sale is finalized, Maersk will no longer have any activity in Russia.
Last August, Maersk sold a 30.75% stake in Russian port operator Global Ports Investments to Russia’s largest container operator, Delo Group.
(Report Nikolaj Skydsgaard; Lina Golovnya, edited by Blandine Hénault)
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