Shipping major A.P. Moller – Maersk, an integrated logistics company, has decided to divest its logistics assets in Russia, after the company´s decision to discontinue activities in Russia.
The company has sealed an agreement to divest its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development Limited. The decision is the consequence of the company’s decision made in March 2022 to discontinue activities in Russia. The divestment is closed and effective as of 17 February 2023, as the logistics major informs.
The remaining 50 employees at the two sites will be offered employment as part of the new setup.
After the acquisition of the facilities, IG Finance Development has agreed with the large food importer in Russia, Arosa, to operate the sites in St. Petersburg and Novorossiysk.
The inland depot in Novorossiysk is a facility of 28,750 m2 with a capacity of 1,500 containers teu, and specializes in handling commercial cargo, such as grains from railway wagons to sea containers. The chilled and frozen warehouse in St. Petersburg is a 23,500 m2 established in 2020.
As the management of the company informs, all the needed regulatory approvals have been obtained for the transaction in the EU and Russia.
Chief Commercial Officer of Maersk, Karsten Kildahl, said “We are pleased to have found a new owner of our two logistics sites in Russia and thereby execute on our decision to divest all our assets in the country. Throughout the divestment process, we have as a company felt a strong responsibility towards the remaining 50 employees at the two sites, and we are happy that they will be offered employment as part of the new setup.”