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A.P. Moller Capital agrees to acquire Singapore's Portek International from Mitsui
A.P. Moller Capital has signed an agreement to buy 100% of Singapore-based feeder terminal operator Portek International from Mitsui & Co.
A.P. Moller Capital has signed an agreement to acquire 100% of Singapore-based Portek International from Mitsui & Co.
Portek is a feeder terminal operator with interests in seven port terminals located in Algeria, Gabon, Indonesia, Latvia, Malta and Vietnam. It also carries out port engineering activities.
Portek employs approximately 1,400 people, and its multi-activity port terminals handle around seven million units of cargo volume; the unit of measurement is not specified in the announcement.
The announcement does not disclose the value of the transaction or a timeline for its completion.
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