Stonebridge Legal advised Delo Group (Delo) on the acquisition of a 30.75% stake in Global Ports Investments Plc (GPI) from APM Terminals (APMT), the terminals business of A.P. Moller - Maersk. As a result, Delo’s shareholding in GPI increased to 61.50%.
Delo and APMT closed the transaction on arm’s length terms, which included the possibility of APMT returning to joint business with Delo in the future.
The Stonebridge Legal Corporate/M&A team included Partners Sergei Diyachenko and Dmitry Pozin, and Senior Associate Dmitry Kazhaev.
About Delo Group
Delo Group is a Russian transportation and logistics holding, which operates its own fleet and manages sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, and a fleet of containers and fitting platforms. The Group’s parent company is Delo Management Company. The Group’s stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator RUSCON and the intermodal container operator TransContainer. The shipping business is represented by the Sakhalin Shipping Company (SASCO), one of Russia’s biggest shipping companies.