APM Terminals involves in 53 mln usd Angolan terminal expansion project

AP Moller-Maersk and its unit APM Terminals are involved in a 53 mln usd project to expand the container terminal at Luanda, Angola, newswire RB-Boersen said, citing the Macauhub news service.
The five-year project will be carried out by Sogester, which operates the container terminal.
Sogester is owned 49 pct by the Angolan state pension fund, while APM Terminals has 40 pct and AP Moller-Maersk has 11 pct.