EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa

The European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by Denmark’s A.P. Møller Capital (APMC)
EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa

These include GSEZ Cargo Ports, a company operating a cargo terminal and logistics business in Gabon; GSEZ Mineral Port, which operates a mineral terminal in Owendo, Gabon; Arise, a company holding the concession for a cargo port in Mauritania; and Terminal Industriel Polyvalent de San Pedro S.A., which holds a concession to build and operate a bulk terminal in the Ivory Coast.

“The Commission concluded that the proposed acquisition would raise no competition concerns because of its limited impact on the market. The transaction was examined under the simplified merger review procedure,” the European Commission said in a statement.

APMC is an affiliate of A.P. Møller Holding and was established to manage stand-alone funds to invest in infrastructure in emerging markets. The first fund is focusing on Africa.

Africa Infrastructure Fund I K/S (AIF 1), acting by its manager APMC, will acquire the shares in the project companies through Arise P&L Limited, a special purpose vehicle incorporated in the United Kingdom.

Feb 16, 2020 19:51
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