AP Moller Capital has agreed to acquire a majority stake in Euroports Group, which operates terminals in Europe and China.
AP Moller Capital will acquire its stake via a fund managed separately, becoming the majority shareholder while Belgian investors SFPIM and PMV retain stakes. Completion depends on securing the necessary regulatory clearances and approvals from other relevant parties.
R-Logitech Finance disclosed that the agreement covers 53.35 per cent of Thaumas, which owns the entire Euroports group through an indirect holding. On September 25, AP Moller Capital entered into the share purchase agreement with R-Logitech and the two Belgian investors.
The seller expects the required approvals during the first quarter of 2027. The purchase price depends on Euroports’ consolidated operating earnings (EBITDA) for the financial year ending December 31, 2026, calculated before interest, tax, depreciation and amortisation.
Euroports runs a network of over 50 deep-sea and inland terminals. The company handles more than 70 million tonnes annually across bulk and breakbulk cargo, including liquid bulk.
Joe Nielsen, a partner at AP Moller Capital, said the investor planned to, “broaden the company’s footprint and attract new customers and volumes.”
AP Moller Capital said Euroports’ current management team would stay on following the transaction. Under the planned shareholder arrangement, the group would retain its existing governance arrangements and continue on its current strategic course.
A consortium of R-Logitech, PMV and FPIM completed its acquisition of Euroports Holdings in 2019. R-Logitech was the majority shareholder at the time, with PMV and FPIM holding minority stakes.