Ports

CMA CGM sells majority of stake in Los Angeles terminal

The French carrier has agreed to sell close to its entire stake in a container terminal in Los Angeles which it took over as part of the acquisition of Neptune Orient Lines. The money from the sale will be used to repay debt, informs CMA CGM.
by DANIEL LOGAN

CMA CGM sells 90 percent of the Global Gate South Terminal in Los Angeles to EQT Infrastructure, informs the French container carrier Monday.

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