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The largest deal in the Russian transportation sector took place today after APM Terminals announced that it had acquired a 37.5% stake in Global Ports, for some $860 million, from its majority owner Transportation Investment Holdings Ltd, more commonly known as N-Trans.

The deal values the Russian terminal operator, which is listed on the London Stock Exchange, at $2.3 billion, and is set to be completed by the end of the year providing European and Russian competition authorities give their approval.

GP ...

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