EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa

AcquisitionIllustration; Source: Pixabay under CC0 Creative Commons license

The European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by Denmark’s A.P. Møller Capital (APMC).

These include GSEZ Cargo Ports, a company operating a cargo terminal and logistics business in Gabon; GSEZ Mineral Port, which operates a mineral terminal in Owendo, Gabon; Arise, a company holding the concession for a cargo port in Mauritania; and Terminal Industriel Polyvalent de San Pedro S.A., which holds a concession to build and operate a bulk terminal in the Ivory Coast.

“The Commission concluded that the proposed acquisition would raise no competition concerns because of its limited impact on the market. The transaction was examined under the simplified merger review procedure,” the European Commission said in a statement.

APMC is an affiliate of A.P. Møller Holding and was established to manage stand-alone funds to invest in infrastructure in emerging markets. The first fund is focusing on Africa.

Africa Infrastructure Fund I K/S (AIF 1), acting by its manager APMC, will acquire the shares in the project companies through Arise P&L Limited, a special purpose vehicle incorporated in the United Kingdom.

Upon completion, the four project companies will also be full-function joint ventures within the EU merger rules.

Back in August 2017, A.P. Møller Holding, together with PKA, PensionDanmark and Lægernes Pension, launched AIF. Twelve months after the launch, APMC received total commitments of USD 982 million from institutional investors.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >

MARITIME INDUSTRY 2020

The future of the maritime sector is the point of focus during Maritime Industry 2020.

read more >