The deal is expected to close in the third quarter pending regulatory approvals. While the sales price was not disclosed, Lloyd's List reports here that the investment partnership plans to raise $450 million through a private placement bond to fund the purchase.
with APM Terminals. The expensive rent payments haven't helped with VPA's financial operating losses. The VIT APM lease is set to expire in 2030.
customers nor staff will be affected by the sale, according to Nike Shoes Girls Tumblr a news release. The buyers would become the new landlord. "However, ownership of this terminal does not fit with our global strategy and ambition to operate and develop ports."
Last year, APM submitted an unsolicited bid to the state to operate the state's marine terminals. The Gov. Bob McDonnell supported privatizing the port's operations. The company estimated the value of the offer as high as $3.9 billion over a 48 year term. It leases the Port of Richmond facility.
Portsmouth facility could allow state to renegotiate lease
Gov. Terry McAuliffe had been critical of the port's $1.16 billion, 20 year lease agreement Nike Shoes Blue And Black
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