Within half year CMA CGM will yield 49% of Terminal Link to Chinese CMHI



49% of the capital stock of the terminalista society Terminal Link will be yielded by the French shipowning group CMA CGM to China Merchants Holdings (International) Co. (CMHI) within the first half of this year. The wait cession, that it will happen for 400 million euros, is made official today with an agreement undersigned from the transalpine company, than currently it stops the entire capital of Terminal Link, and from the Chinese group, that it is quoted to the Stock exchange of Hong Kong and that is under responsibility of the Chinese public group Lowers Merchants Group (CMG).

Currently Terminal Link, that it has center to Marseilles, work 15 terminals. In the 2011 containerized trade enlivened from the French terminalista society it has been pairs to 8,1 million teu, volume that classified the company to the twelfth place in the ranking of the main terminalisti operators of the world. Group CMHI is the main public terminal operator of China where work harbour terminals through 14 branches, while abroad it is present in Nigeria through joint venture Tin-Can Island Container Terminal ( of 8 November 2010) and in Sri Lanka through joint venture Colombo International Container Terminals ( on 27 January 2012). In the 2011 CMHI it has enlivened a traffic pairs to beyond 57 million container teu.

"CMA CGM - it has commented the president and managing director of the French shipowning group, Jacques Saadé - confides a lot in this partnership with CMHI, that it represents an only opportunity in order to accelerate the development of the group in the investments in terminal to international level. From the beginning of the presence of CMA CGM in China, that it goes back ago to 21 years, the group has always appreciated the job with the Chinese groups and this solid alliance confirmation the will of CMA CGM to continue on this road. The complementariness of CMA CGM and CMHI can allow to both to develop the international activities".

"The operation - the CMHI president has confirmed, It was Yuning - is coherent with the CMHI strategy and ahead marks a meaningful step for the expansion of our presence to international level. The strategic relationship of Terminal Link with CMA CGM will contribute in the long term to guarantee the sustainability of its activities. Moreover the presence of Terminal Link in terminal in emerging markets and its potential program of new projects represents another device driver for the future increase of its volumes and its economic results. On the other hand putting into effect net of terminalistiche activities in China and the world of CMHI and the traffic goods that it enlivens will complete the services offered from Terminal Link creating in such a way mutual benefits through synergies not only to advantage of both the parts, but also of the respective customers of shipping of CMHI and Terminal the Link".