Gemini Cooperation takes effect
NewsAlliance shakeup moves forward with green light for Gemini Cooperation from FMC.
AP Møller-Maersk A/S has acquired a 37.5% stake in Höegh Autoliners from Leif Höegh & Co. Simultaneously, Höegh Autoliners has acquired AP Moller-Maersk’s fleet of 18 car carriers (including six newbuildings), which will join its existing fleet under the Höegh Autoliners brand.
Closing of the transaction is expected to take place next month once applicable regulatory approvals have been received.
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This complete item is approximately 250 words in length, and appeared in the February 2008 issue of WorldCargo News, on page 22. To access this issue download the PDF here.
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