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CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link

CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link
French container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link, a joint venture between CMA CGM and port developer and operator China Merchants Port Holdings (CMP).

As informed, this first transaction represents a total all-cash consideration of USD 815 million.

It comes only a few days after the duo received an EU approval for the transfer of stakes in a total of ten port terminals to Terminal Link joint venture, which is 51 percent owned by CMA CGM and 49 percent by CMP.

More to follow…

 

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