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NEWSFLASH: CMA CGM sells stake in terminals to China Merchants

Asia

Friday, January 25, 2013

The liner carrier CMA CGM said Friday it has sold a 49 percent stake in its terminal operating subsidiary Terminal Link to China Merchants Holdings, the largest public port operator in China. China Merchants will pay 400 million euros ($538 million) in the deal, which is expected to close within the first half of 2013, subject to regulatory approval. CMA CGM characterized the deal as a strategic partnership “in operating and developing container terminals on a global ...

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