You are here

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

Paris

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes