AP Moller-Maersk terminated CIMC's $983m acquisition of Maersk Container Industry.

AP Moller-Maersk, an integrated container logistics company, terminated logistics company China International Marine Containers' $983m acquisition of Maersk Container Industry, a manufacturer of refrigerated containers. "It is unfortunate that the transaction will not happen despite efforts of all parties involved. Throughout the process MCI has performed very well thanks to the dedication of all its employees. Maersk will continue to be a proud owner of MCI for the foreseeable future, and we will now assess the best structural set-up for MCI to ensure the long-term development of the business," Patrick Jany, AP Moller-Maersk CFO.