APM Terminals currently holds an 80% stake in concession holder APM Terminals Bahrain, with the remainder held by YBA Kanoo Holdings. APM Terminal’s stake will drop to 64% following the listing.
Dubai-based Sondergaard does not give a figure for how much the IPO would raise but he says raising funds is not the main reason for the proposed listing. “This was predetermined when the concession was first negotiated.
