The CMA CGM Group announced it will become the sole owner of the Fenix Marine Services (FMS) terminal at the Port of Los Angeles by acquiring the remaining 90% stake in a deal with an enterprise value of $2.3 billion.
“After closing, the CMA CGM Group will take over the operations of this strategic industrial facility with a goal of improving its service quality to better deliver upon its customers’ expectations,” Wednesday’s announcement said.
The French shipping giant already held a 10%...
https://www.freightwaves.com/news/cma-cgm-acquiring-port-of-las-fenix-marine-services