CMA CGM has finalised the terms of its sale of 10 terminals as it seeks to reduce its enormous debt burden.
The French carrier said would receive $968m in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture. in which it holds 51% and Chinese port operator China Merchants the remaining 49%.
The carrier took strategic stakes in the box terminals: Odessa in Ukraine; the …
The post CMA CGM finalises terms of sale of 10 terminals to Terminal Link JV appeared...
https://theloadstar.com/cma-cgm-finalises-terms-of-sale-of-10-terminals-to-terminal-link-jv/