15.9 C
Hamburg
Monday, June 2, 2025
Home News 'Stop' on Maersk’s divestment of MCI

‘Stop’ on Maersk’s divestment of MCI

A.P. Moller – Maersk and China International Marine Containers (CIMC) have announced that the previously announced transaction has been terminated, whereby CIMC would acquire Maersk Container Industry (MCI), a manufacturer of refrigerated containers, from the Danish carrier.

The reason the deal has stalled is because of significant regulatory challenges preventing the transaction from closing.

The proposed divestiture was announced on 28 September 2021 and was expected to close in 2022.

“It is unfortunate that the transaction will not happen despite efforts of all parties involved. Throughout the process MCI has performed very well thanks to the dedication of all its employees. Maersk will continue to be a proud owner of MCI for the foreseeable future, and we will now assess the best structural set-up for MCI to ensure the long-term development of the business,” said Patrick Jany, CFO at A.P. Moller – Maersk.

MCI was founded by Maersk in 1991 and today employs 2,300 people in China and Denmark. Over the years, it has evolved into a company that focuses exclusively on manufacturing of refrigerated containers.





Latest Posts

Samskip commences UK-Rotterdam service

Samskip will offer a new direct connection between the United Kingdom and the Netherlands. The Rotterdam-based ocean carrier will launch a new shortsea container service...

Container lines report soaring earnings

Ocean carriers have reported strong first-quarter results, despite geopolitical challenges and an uncertain market environment. Nearly all major container lines (that officially publish their financial...

Are You at Risk for Mesothelioma? What You Need to Know

According to the Mesothelioma Center, there will be approximately 3,000 new mesothelioma cases in the US at the end of 2025. Occupations and industries...

Gulftainer announces new CEO

Gulftainer, the UAE-headquartered global port and logistics solutions provider, announced the appointment of Farid Belbouab as Group CEO, effective June 1, 2025. Farid Belbouab is...

Monthly Shipping Stocks Highlights

Monthly Shipping Stocks: May Sees Market Peak Amid Trade Shifts and Tariff Activity May marked a powerful rally in monthly shipping stocks. Most container carriers...
error: Content is protected !!