News / APM Terminals enters Colombia with investment in Cartagena operator Compas

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APM Terminals has signed a deal to enter the Colombian market in the key Caribbean port of Cartagena.

It announced today that it has acquired a 51% stake in the multi-purpose terminal at the port operated by Bogota-headquartered Compañia de Puertos Asociados (Compas).

Under the terms of the deal the two companies will invest $200m each in upgrading the terminal into a container handling facility with an initial annual capacity of 750,000 teu, capable of serving the larger ships that are expected ...