CMA CGM in strategic partnership with CMHI from China

CMA CGM and CMHI have signed an agreement for the sale and purchase of 49 percent of Terminal Link
 
CMA CGM and China Merchants Holdings (International) Company Limited (“CMHI”) have signed a Share Purchase Agreement regarding the sale of 49 percent equity interest in Terminal Link for EUR 400 million. Following some pre-closing reorganization, the transaction is expected to complete within the first half of 2013, subject to receipt of certain relevant external regulatory approvals. This transaction is the initial cornerstone of a mutually, highly beneficial strategic partnership between CMA CGM and CMHI in operating and developing container terminals on a global basis and extending their relationships as business partners while capitalizing on favourable global macro trends.
 
Terminal Link, 100% subsidiary of the CMA CGM Group based in Marseilles (France) operates, develops and invests in a global network of 15 terminals located on the world’s key international shipping routes. Supported by state-of-the-art infrastructure and equipment and expert management teams, it provides best-in-class quality services in stevedoring, storage and other container-handling activities to the world’s largest shipping lines calling at its terminals. Terminal Link ranks #12 worldwide based on throughput handled with a volume of 8.1m TEUs handled in 2011.
 
CMHI, the largest public port operator in China, invests in and operates port business from a portfolio located primarily in eight major cities along China Mainland’s five most economically-active regions (viz Shenzhen, Hong Kong, Shanghai, Ningbo, Qingdao, Tianjin, Xiamen and Zhanjiang). Added to its port portfolio, in recent years, are assets in Colombo of Sri Lanka and in Africa. Total container volume handled by its port portfolio exceeds 60 million TEUs in 2012.

Quelle: LogEastics

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