Port operator APM Terminals has agreed to take over the Nordic region’s biggest container terminal, in western Sweden, and to invest 800 million crowns ($120 million) in it over five years, the Port of Gothenburg said.
It said in a statement that APM Terminals, which is owned by Danish shipping and oil group A.P. Moller-Maersk MAERSKb.ST, had bought Skandia Container Terminal which has a 25-year concession agreement with the Port of Gothenburg for the operation of the terminal.