Independent journal on economy and transport policy
01:53 GMT+1
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CMA CGM concludes the sale of its holdings in eight port terminals at Terminal Link
They've been sold for 850 million dollars. Another 150 million by June for the handover of two more shares
March 26, 2020
The French Group announced that it had completed the divestment for 815 million dollars of the first eight of the ten terminals are part of the transaction. The terminals sold are: Odessa Terminal (Ukraine); CMA CGM PSA Lion Terminal (CPLT) (Singapore), Kingston Freeport Terminal (Jamaica), Rotterdam World Gateway (Netherlands); Qingdao Qianwan United Advance Container Terminal (China); Vietnam International Container Terminal, Ho Chi Minh City (Vietnam); Laem Chabang International Terminal (Thailand); Um Qasr Terminal (Iraq).
CMA CGM has announced that the last two terminals - Mundra Terminal (India) and Gemalink (Vietnam) - will be sold by the end in the first half of this year for more than 150 million dollars.
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