APMT completes TCB purchase

News-in-print

APM Terminals has completed its US$1B acquisition of Spain-based Grup Marítim TCB’s port and rail interests. The deal was first announced last September (WorldCargo News, September 2010, p10). That deal was with Pérez y Cía for its 61% stake in TCB. In October, the remaining minority shareholders also agreed to sell their shares, resulting in APMT becoming the sole controlling shareholder, subject only to relevant approvals.

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