APM Terminals Sells Le Havre Port Share

Perrigault SA., the Le Havre-based port and logistics operator and APM Terminals have completed the sale of APM Terminals’ 50% share in Terminal Porte Océane (TPO) and Société d’Exploitation du Terminal Porte Océane to Perrigault SA.

Both companies operated a 50-50 joint venture in Le Havre. TPO signed the concession agreement with Port Autonome du Havre (currently Grand Port Maritime du Havre) back in May 16, 2006.

Perrigault SA CEO Jean Bekaert said: “Our decision to expand our share demonstrates our strategic commitment to serving the French market with the finest port and logistics services in Le Havre.”

With the fourth-largest economy in Europe, and the 9th-largest in the world, France was the world’s 5th-largest exporter and 6th-largest importer in 2013, with combined trade of USD 1.21 trillion.

The Port of Le Havre, which dates to 1517, is the largest container port in France and an important center of containerized trade for the European Union.

The IMF has projected the French economy to expand by 1% in 2014, and by 1.5% in 2015.

Le Havre handles approximately 60% of all French container volume, and is the 6th-busiest container port in the Northern European port range, handling approximately 2.5 million TEUs in 2013.

[mappress]
Press Release, July 23, 2014