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Ten terminals are transferred on a global scale.
CMA CGM’s investment in Ceva Logistics, new technologies and fleet expansion measures have left their mark. CMA CGM has signed an agreement with China Merchants Port Holdings to sell, for USD 968 million, ten container terminals to Terminal Link, the two partners’ joint subsidiary.
The Marseille (France)-based company established the joint venture Terminal Link together with China Merchants Port Holdings in 2001, and owns 51% thereof. Over the past 18 years the portfolio has grown to no less than 13 terminals, four of which are located in France, three in Africa and two in the USA.
The ten terminals selected for a transfer to Terminal Link, which will bring the entity’s portfolio to 23 units, look like the pick of the bunch. China Merchants Port Holdings will thus now own a minority stake in several terminals located in the growth regions of Asia and the Middle East – as well as three facilities in Rotterdam (the Netherlands) Odessa (Ukraine) and Jamaica. Read more
Source: ITJ
