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Maersk completes logistical assets sale in Russia

The deal came into force on February 17 of this year

STOCKHOLM, February 20. /TASS/. A.P. Moeller-Maersk A/S has completed the sale of its logistical sites in St. Petersburg and Novorossiysk, the Danish logistical company said in its press release on Monday.

Maersk "has entered into an agreement to divest its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development Limited. Maersk divesting the two sites is a consequence of the company’s decision made in March 2022 to discontinue activities in Russia, the company said.

"The transaction has obtained the needed regulatory approvals in the EU and Russia, and upon acquiring the facilities IG Finance Development Limited has made an agreement with Arosa, a large food importer in Russia, to operate the sites in St. Petersburg and Novorossiysk," Maersk noted.

The deal came into force on February 17 of this year.

The storage in Novorossiysk has the area of 28,750 sq m and is capable of accommodating 1,500 containers (TEU). It specializes in handling commercial cargo like grains from railcars to sea containers. The chilled and frozen products storage in St. Petersburg has the area of 23,500 sq m.

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