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

Terminal link cma cgm. In Port News 01112019. 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. At CMA CGM the sheer scale of our business meets top quality service at our 45 strategically-placed terminals worldwide all operated by either TERMINAL LINK or CMA TERMINALS TERMINAL LINK Established in 2001 TERMINAL LINK is an award-winning container terminal operator renowned for its outstanding operational efficiency and intelligent terminal management worldwide.

CMA CGM to sell 10 facilities for 968 million to Terminal Link STAT Times Shipping December 26 2019 December 26 2019. CMA CGM PSA Lion Terminal CPLT Singapore Mundra Terminal. CMA CGM Completes Sale of Container Terminal Unit 11 Jun 2013 CMA CGM has closed on the sale of a 49 percent stake in Terminal Link its global container terminal unit to.

In a press release CMA CGM said the cash deal worth 968 million is expected to be finalised in Spring 2020 enabling the company to reduce debt increase liquidity and enable Terminal Link to expand. Odessa Terminal Ukraine CMA CGM. French container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link a joint venture between CMA CGM and port developer.

March 26 2020 by Naida Hakirevic. CMA CGM on November 25 announced that as part of a programme to reinforce its financial structure and strengthen its liquidity profile it proposes to transfer its interest in 10 terminals from the CMA CGM group to Terminal Link Limited which is a joint-venture partnership in which CMA CGM holds 51 per cent of the shares and China Merchants Port 49 per cent. Our My Prices tool is evolving and now allows instant quote when no FAK contract is.

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. The 10 terminals involved in the 955 million deal will be transferred to a pre-existing joint venture called Terminal Link SAS based in France and jointly controlled by CMA CGM and CMPorts. This initial disposal includes the following terminals.

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. 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. The deal was announced on Nov.