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Maersk Is Divesting Its Logistics Assets in Russia

Maersk Is Divesting Its Logistics Assets in Russia
photo: A.P. Moller - Maersk/Maersk Is Divesting Its Logistics Assets in Russia
23 / 02 / 2023

A.P. Moller - Maersk has recently announced that it has reached an agreement to sell its logistics sites located in St. Petersburg and Novorossiysk to IG Finance Development Limited.

The decision to divest the two sites was made in March 2022 as part of Maersk's plan to discontinue its activities in Russia. The divestment of assets has been executed in compliance with all necessary regulatory approvals in the EU and Russia.

Following the transaction, IG Finance Development Limited has also made an agreement with Arosa, a major food importer in Russia, to manage the St. Petersburg and Novorossiysk sites.

Maersk's Chief Commercial Officer, Karsten Kildahl, expressed satisfaction with the transaction and noted the company's concern for its 50 employees in the two sites, who will be offered employment in the new arrangement. 

The 28,750 m2 inland depot in Novorossiysk specializes in the handling of commercial cargo, such as grains from railway wagons to sea containers, with a capacity of 1,500 containers (TEU). Meanwhile, the 23,500 m2 chilled and frozen warehouse in St. Petersburg, established in 2020, serves as a crucial storage and handling facility for perishable goods.

The sale has been completed, and it is now effective starting from February 17, 2023, without any further approvals being required.