AP Moller Capital buys majority stake in Spanish logistics company
Port operator BERGE has a presence in 27 different ports across Spain
The AP Moller Holding subsidiary said the partnership with Berge y Compania will grow BERGE into a leading ports infrastructure company in Iberia and Latin America
AP MOLLER Capital has purchased a 51% stake in Spanish logistics company BERGE, which is present in 26 Spanish ports, as well as Bayonne in France. It also has logistics operations in Colombia and Mexico.
AP Moller Capital, the private equity business owned by Danish giant A.P. Moller Holding, was invited by Berge y Compania to become a shareholder, AP Moller Capital chief financial officer Joe Nielsen said. Nielsen will become a non-executive chairman of BERGE.
Both companies will make “significant investments” to strengthen BERGE’s position as a port operator on the Iberian Peninsula as well as Latin America.
Bergé y Companía president Jaime Gorbena said that “beyond the figures, I would like to highlight that AP Moller Capital and BERGÉ share values, a long tradition in logistics and transport, but also a vision of the future of where the sector is going, where innovation, sustainability and international expansion are the fundamental axes.”
No financial information has been provided by either AP Moller Capital or Berge y Compania, and the deal is still subject to regulatory approval.
