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AMKBF AP Moller Maersk (PK)

1,636.0779
0.00 (0.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
AP Moller Maersk (PK) USOTC:AMKBF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,636.0779 1,492.19 1,903.01 0.00 19:00:01

APM Terminals, Empresas ICA Sign Deal for Mexican Terminal

01/08/2012 3:38pm

Dow Jones News


AP Moller Maersk (PK) (USOTC:AMKBF)
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By Gustav Sandstrom

Mexican industrial company Empresas ICA, S.A.B. de C.V. (ICA) said Wednesday its consortium with container terminal operator APM Terminals has agreed to construct and operate a container terminal in the Lazaro Cardenas port on Mexico's Pacific coast.

The assignment was awarded through an international bidding process by the Administracion Portuaria Integral de Lazaro Cardenas to the consortium, which is 5% controlled by ICA and 95% by APM Terminals, which is owned by Danish conglomerate A.P. Moller-Maersk A/S (MAERSK.KO), the Mexican company said.

The consortium expects to invest about $900 million in the project, ICA said. The first phase, which will require investments of about $300 million, is expected to be completed in 2015, it added.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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