Group divests logistics assets in Russia as part of decision to discontinue activities in the country

AP Moller-Maersk has entered into an agreement to divest its logistics sites in St Petersburg and Novorossiysk to IG Finance Development Limited.

Maersk logo on brick building

The logistics company confirmed that divesting the two sites was a consequence of its decision, made in March 2022, to discontinue activities in Russia.

”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,” said Karsten Kildahl, chief commercial officer at Maersk.

”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,” Kildahl noted.

The inland depot in Novorossiysk is a facility of 28,750m2 with a capacity of 1,500 containers, while the chilled and frozen warehouse in St. Petersburg is 23,500m2 and was established in 2020.

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.