Ocean Carrier Review
Pacific Northwest Ports
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CMA CGM and CMHI have signed an agreement for the sale and purchase of 49 % of Terminal Link
CMA CGM and China Merchants Holdings (International) Company Limited (“CMHI”) have announced on January 25th 2013 that they have signed the Share Purchase Agreement regarding the sale of 49% equity interest in Terminal Link for € 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 significant 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 favorable 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.
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