Five months after announcing its planned withdrawal from the business after the Russian invasion of Ukraine, A.P. Moller-Maersk has entered into an agreement to divest its investment in Russia’s largest container terminal operator. Maersk had previously ended container operations in and out of Russia. Sources claim that it was seeking to divest its minority interest in Global Ports Investments, which runs seven container terminals, cargo, bulk, and roll-on/roll-off operations primarily in the Baltic.
It also seems like the Danish company has signed a memorandum of understanding with the Malaysian Investment Development Authority (MIDA) to drive investments into the country, aiming to establish it as one of the logistics hubs of Southeast Asia.
Maersk said it will work with MIDA to attract high-tech and high-impact investments in sectors including automotive, electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy, and consumer technology in Malaysia.
Source: theedgemarkets.com