News / APM Terminals sells its stake in Turkey's Petlim container terminal

APM Terminals is selling its stake in Turkey’s Petlim container terminal, near Izmir, having reached an agreement with majority shareholder Socar.

The deal continues the terminal operator’s strategy to exit operations in which it does not hold a controlling stake: the past year has seen it sell its stake in a Zeebrugge terminal to Cosco and quit the Brazilian port of Paranagua.

APMT said: “Over the last two years, APM Terminals has contributed to turn the Izmir Aliağa Terminal [Petlim] into the most modern container ...