- A.P. Moller Capital acquired a 51% stake in BERGÉ.
- The partnership aims to expand BERGÉ in Iberia and Latin America.
- Both partners committed to future investments for growth.
A.P. Moller Capital reports that it has signed a binding agreement to purchase a 51% interest in BERGÉ, Bergé y Compañía’s port infrastructure and logistics business. The acquisition is made through a fund vehicle incubated by A.P. Moller Holding. The joint venture will take BERGÉ to become the top multipurpose port infrastructure business in Iberia and Latin America by supporting its growth and expansion.
Commitment to Long-Term Growth and Investment
The two parties have mutually committed substantial future investment to reinforce BERGÉ’s market presence in the ports infrastructure and logistics segments. These investments will propel Iberia and Latin American growth to respond to rising demand as well as develop new business prospects.
Support of Experienced Shareholders
The agreement with A.P. Moller Capital will improve BERGÉ’s capacity to develop its multipurpose port activities in Iberia and Latin America. Combining A.P. Moller Capital’s extensive experience in the logistics sector and Bergé y Compañía’s solid historical background, BERGÉ will gain from the joint financial and industrial knowledge of the shareholders.
Leadership Changes and Governance
Joe Nielsen will be the new non-executive chairman of BERGÉ on behalf of A.P. Moller Capital. Jaime Gorbeña will be the non-executive vice-chairman on behalf of Bergé y Compañía, and Juan Aguirre will remain as CEO of BERGÉ.
Shared Vision for Future Expansion
Jaime Gorbeña, president of Bergé y Compañía, commented on the partnership’s shared vision: “A.P. 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.”
Joe Nielsen, partner at A.P. Moller Capital, echoed the sentiment: “A.P. Moller Capital is pleased to be invited by Bergé y Compañía into the shareholding of BERGÉ. Bergé y Compañía and BERGÉ have a unique history, experience and relations with customers and stakeholders across the port infrastructure and logistics value chain in Iberia and Latin America. Furthermore, A.P. Moller Capital and Bergé y Compañía have an aligned vision to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America.”
Regulatory Approval Pending
The transaction is subject to approval by relevant competition and regulatory authorities. Once approved, the partnership will set the foundation for BERGÉ’s growth trajectory in the coming years.
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Source: A.P. Moller Capital
