The company revealed the deal on the same day that it announced that it is offloading its 50% stake in a facility in France.

The Danish shipping giant’s terminals arm sold its APM Terminals Virginia to a partnership made up of funds managed by private equity firm Alinda Capital Partners and pension manager Universities Superannuation Scheme (USS).

The terminal, which was commissioned in 2007, will be renamed Virginia International Gateway after the deal closes in the third quarter.