The AP Moller – Maersk terminal operating unit said it was selling APM Terminals Virginia to affiliates of investment funds managed by US-based Alinda Capital Partners (Alinda) and UK-based Universities Superannuation Scheme Limited (USS).
The terminal was commissioned in 2007 and leased to APM Terminals in 2010.
Explaining the decision to sell the terminal, APM Terminals ceo Christian Moller Larsen said: “Ownership of this terminal does not fit with our global strategy and ambition to operate and develop ports. We have chosen to sell our Portsmouth terminal because we are a non-operating lessor of the facility to the Commonwealth of Virginia for the next 16 years.”
APM Terminals said neither customers calling the terminal or staff would be affected by the sale.
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