AP Møller Capital P/S (APMC) is ton acquire a 43 per cent stake in ARISE Ports & Logistics (ARISE P&L). The remaining equity will be held by Olam International Limited and Africa Finance Corporation, with 31 per cent and 26 per cent respectively.ARISE P&L is the holding structure for ARISE’s ports and logistics operations across Africa. These currently comprise the New Owendo International Port (NOIP) and the Owendo Mineral Port (OMP) in Gabon, the Multipurpose Industrial Terminal of San Pedro (TIPSP) in Côte d’Ivoire, and the Nouakchott Container Terminal (TCN) in Mauritania. The deal is expected to close in the coming months.
Gagan Gupta, CEO of ARISE, says: “We are delighted that APMC has decided to invest in ARISE P&L, which will undoubtedly benefit from APMC’s deep financial and operational expertise in the maritime and logistics industry. In addition to being testament to the strength of our ports and logistics operations, this partnership will enable ARISE to invest further in our activities across the continent.”