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CMA CGM sells 90% stake in LA container terminal for US$817m

Tuesday, July 4, 2017 - 05:50


FRENCH container shipping firm CMA CGM said on Monday that it had agreed to sell a 90 per cent stake in a Los Angeles terminal to infrastructure funds for US$817 million in cash.

CMA CGM will retain a 10 per cent interest in the Global Gateway South terminal after the deal

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