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Harneys Cyprus recently advised APM Terminals B.V., a global port, terminal and inland services operator, in its acquisition of a 37.5% stake in Global Ports Investments PLC from Transportation Investments Holding Limited, one of Russia's largest privately owned transportation groups. The transaction valued Global Ports at approximately $2.3 billion, making APM Terminals’ share acquisition the largest foreign direct investment in Russia’s transportation industry to date.
Partner Nancy Erotocritou and associate Demetris Nicolaou were the Harneys lawyers involved in the transaction.