APMT Eye Mexican Expansion

APM Terminals (APMT) is allegedly in talks to participate in a tender which will see it investing in the expansion of the Mexican Port of Veracruz, according to Reuters.

The Port of Veracruz is said to be looking for more than US$1.3 billion of investment that it will pour into 4-5 new terminals at its port, with APMT looking to keep a keen eye on these developments.

PTI previously reported that APMT had bought out Spanish operator Grup TCB in a sale that included 11 of its container terminals.

The terminal operator recently won an award for the most productive terminal in Europe, which is the fourth time the operator has been nominated for the prize.

APMT’s parent company AP Moller-Maersk has also recently announced that it has launched its second bond offering for two bonds, each valued at $500 million, which the company said will be used for corporate purposes.

It is so far unclear as to whether this finance will be used for the investment Mexico’s Port of Veracruz.