Dutch company buys APM Terminals

PORTSMOUTH, Va. (WAVY) – A Dutch company has agreed to buy APM Terminals in Portsmouth.

According to a spokesperson, the deal was made with Alinda Capital Partners and Universities Superannuation Scheme Limited (USS), and has been in the works for a while. Pending regulatory approval, the deal is expected to close within the next few months.

Photo courtesy: apmterminalsphotos.com
Photo courtesy: apmterminalsphotos.com

According to a news release from APM Terminals, Alinda Capital Partners is a company based in the United States that specializes in infrastructure investments. USS is the largest private sector pension fund in the United Kingdom and is a long-term investor with a global infrastructure portfolio.

An Alinda spokesperson said the firm is attracted to the Portsmouth terminal’s state-of-the-art features.

The name will change to Virginia International Gateway. The terms of the sale have not been disclosed. The new company says it will not make any staff changes.

 

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