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CMA Terminals swaps out of Russia

French container carrier’s port branch CMA Terminals commits to a cash-free asset swap trading holdings in Russian ports with larger stake in Finnish terminal operator.
Container terminal in port of Astrakhan, Russia. | Photo: Staff/Reuters/Ritzau Scanpix
Container terminal in port of Astrakhan, Russia. | Photo: Staff/Reuters/Ritzau Scanpix
by DANIEL LOGAN

CMA CGM’s terminal operating services completes withdrawal from Russian stevedoring markets through exchange of equity with Russian terminal operator Global Ports, a statement reads.

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