CMA CGM closes USD 815 Mn sale of eight port terminals to Terminal Link.

Terminal link cma cgm. March 26 2020 by Naida Hakirevic. Discover My Prices redesigned and Instant quote improved Thursday August 08 2019. Terminal Link will gain equity stakes in ten additional terminals.

It will enable Terminal Link to expand its geographic footprint and global network thereby enhancing its business development prospects. GMP a subsidiary of Terminal Link and the CMA CGM Group wins the tender for the construction and operation of the future container berths of the Port of Le Havre. The CMA CGM Group signed an agreement with China Merchants Port CMP to sell a portfolio of stakes in ten port terminals to Terminal Link their joint-venture set up in 2013 and owned 51 by CMA CGM and 49 by CMP.

CEO TERMINAL LINK USA - CMA CGM GROUP Greater New York City Area 500 connections. CMA CGM Group has closed the first part of its agreement with China Merchants Port CMP with the sale of its stakes in eight port terminals to Terminal Link for US815m in cash. CMA CGM to sell 10 facilities for 968 million to Terminal Link STAT Times Shipping December 26 2019 December 26 2019.

In line with the terms and conditions of the agreement announced on 20th December 2019 this first transaction represents a total all-cash consideration of USD 815 million. Our My Prices tool is evolving and now allows instant quote when no FAK contract is. China Merchants Port and CMA CGM have negotiated and reached formal agreements for the acquisition of a portfolio of stakes in ten port terminals to Terminal Link.

It is a joint venture 51 owned by CMA CGM and 49 by China Merchants Port Holdings Co. The transaction which is part of the French companys US21bn liquidity plan is meant to help it reduce its debt and immediately increase its liquidity. 25 but CMA CGM said Dec.

Our eBusiness platforms now enable paperless bills of lading a CMA CGM exclusivity. This initial disposal includes the following terminals. CMA CGM PSA Lion Terminal CPLT Singapore Mundra Terminal.