(Ecofin Agency) - ARISE P&L, the company that manages ARISE's ports and logistics operations in Africa, announces it is selling 43% of its capital to A.P. Møller Capital P/S (APMC). The latter thus joins Olam International Ltd and Africa Finance Corporation, which hold 31% and 26% of ARISE P&L’s capital respectively.
ARISE P&L's African operations currently include the New Owendo International Port (NOIP) and the Owendo Mineral Port (OMP) in Gabon, the San Pedro Multi-Purpose Industrial Terminal in Côte d'Ivoire (TIPSP) and the Nouakchott Container Terminal (TCN) in Mauritania.
The new deal will help broaden ARISE’s network of industrial ecosystems with a high impact on development in Africa. “We are delighted that APMC has decided to invest in ARISE P&L, which will undoubtedly benefit from APMC’s deep financial and operational expertise in the maritime and logistics industry. In addition to being testament to the strength of our ports and logistics operations, this partnership will enable ARISE to invest further in our activities across the continent,” said Gagan Gupta, CEO of ARISE.
The transaction is expected to close in the coming months.