A.P. Moller Capital has decided to buy a majority share in Euroports Group, which is one of the largest operators of bulk and breakbulk terminals in Europe. This acquisition will strengthen A.P. Moller Capital's growing investments in transportation and logistics.
The deal involves acquiring a 53.35% stake in Thaumas N.V., the parent company of Euroports, as stated by R-Logitech, a current shareholder. A.P. Moller Capital is funding this acquisition through a managed fund backed by A.P. Moller Holding.
Once the deal is finalized, A.P. Moller Capital will become the main shareholder of Euroports, joining Belgian public investment groups SFPIM and PMV, which will continue to hold shares.
The financial details of the transaction have not been revealed. R-Logitech mentioned that the final price will depend on Euroports’ consolidated EBITDA for 2026, with necessary approvals expected by the first quarter of 2027.
Euroports runs over 50 deep-sea and inland terminals across 10 European countries and China, handling more than 70 million tonnes of various cargo annually, including fertilizers, agricultural products, sugar, fruit, forest products, metals, and minerals. The company employs around 3,000 people.
The group also manages Manuport Logistics, a freight forwarding business operating in over 20 countries, which will continue its operations separately after the acquisition.
A.P. Moller Capital stated that Euroports’ current management and strategy will stay in place. The new owners aim to support Euroports’ further growth, including expanding its operations and attracting more customers and cargo.
“In today’s changing world, strong supply chains and reliable trade routes are vital for economic stability and growth,” said Kim Fejfer, managing partner and CEO of A.P. Moller Capital.
Fejfer called Euroports one of Europe’s largest non-containerized port operators, dealing with essential commodities for European industries, food systems, and manufacturing.
For Belgium’s public investment groups, this acquisition has a strategic infrastructure component. SFPIM CEO Koen Van Loo noted that the fund plans to maintain its investment to keep significant assets in Belgium.
“SFPIM continues to affirm its role as a key investor in maintaining strategic assets in Belgium,” Van Loo shared.
Frédéric Platini, CEO of Euroports, expressed that the new ownership would provide a better platform for the company's growth.
“This transaction marks a new chapter for Euroports, offering a strong foundation to continue its growth, seek new opportunities, and build on the success it has achieved so far,” Platini stated.
This acquisition is A.P. Moller Capital’s second big investment in European port and logistics infrastructure, following its investment in BERGÉ Logistics in Spain. The Euroports deal further broadens A.P. Moller’s exposure to European bulk and breakbulk cargo.
A.P. Moller Capital is part of the A.P. Moller Group, which primarily invests in infrastructure related to transportation, logistics, and energy.
The completion of the Euroports acquisition is still pending regulatory and other standard approvals.