Delo to look into possibility of buying back APM Terminals' stake in Global Ports if it receives offer - representative

MOSCOW. March 11 (Interfax) - The Delo group of companies, owned by Sergei Shishkarev and Rosatom state nuclear energy corporation, intends to look into buying back APM Terminals' 30.75% stake in Global Ports if it should receive an offer, a representative of Delo has told Interfax

"We intend to look into buying back the stake if we receive an offer, and we would take a decision accounting for all factors externally and domestically. The Delo group of companies has no plans to exit Global Ports. We have always considered an investment in GP as a strategic one, and we are satisfied with the operating and financial results. We like how the company is developing under the current management, and we fully support the company's actions amid the difficult conditions," Delo said.

APM Terminals said it intended to begin the process of exiting from the share capital of Global Ports. "We are entirely satisfied with partnership with our second shareholder and regret this step," the representative said.