- AP Moller Capital has signed a binding agreement to acquire a 51% stake in BERGÉ, a port infrastructure and logistics company of Bergé y Compañía, through an investment vehicle developed by AP Moller Holding. This partnership aims to support the growth and development of BERGÉ to become the leading multipurpose port infrastructure company in Iberia and Latin America. Both partners have agreed to capitalize the company to invest in new opportunities in the coming years, thus enabling the expansion of port activities in both Iberia and Latin America.
AP Moller Capital, through an investment vehicle incubated by AP Moller Holding, and Bergé y Compañía announced today that they have signed a binding agreement to become a shareholder of the port operator BERGÉ with a 51% stake. Both partners are committed to driving BERGÉ’s long-term growth and have agreed to make significant investments to strengthen its position as a leading company in port infrastructure and logistics in Iberia and Latin America, thus meeting the growing demand.
The partnership between AP Moller Capital and Bergé y Compañía will permit BERGÉ to accelerate its organic and inorganic growth plans with the support of a strong partner like AP Moller Capital, which has deep experience in the logistics industry. In this way, BERGÉ will continue to grow in the multipurpose port sector in Iberia and Latin America and will benefit from the combined industrial and financial expertise of both shareholders.
Under this agreement, the new non-executive chairman of BERGÉ will be Joe Nielsen, representing AP Moller Capital, Jaime Gorbeña will be non-executive vice-chairman, representing Bergé y Compañía, and Juan Aguirre will continue in his role as CEO.
During the signing, Jaime Gorbeña, president of Bergé y Compañía, stated that ” AP Moller Capital and BERGÉ share values, a long tradition in logistics and transportation, but also a vision of the future of where the sector is heading, where innovation, sustainability, and international expansion are the fundamental axes.”
For his part, Joe Nielsen emphasized, “AP Moller Capital is pleased to have been invited by Bergé y Compañía to become a shareholder of BERGÉ. Bergé y Compañía and BERGÉ have a unique history, experience, and relationships with customers and stakeholders throughout the port infrastructure and logistics value chain in Iberia and Latin America. Additionally, AP Moller Capital and Bergé y Compañía share a common vision to make BERGÉ a leading port infrastructure company in Iberia and Latin America.”
The transaction is subject to approval by the relevant competition and regulatory authorities.