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China Merchants in talks to invest in CMA CGM port assets

China Merchants Group is negotiating the purchase of CMA CGM port assets, as the Chinese state-owned company pursues a global diversification strategy and aim to increase capacity, informed sources say.
Photo: PR / CMA CGM
Photo: PR / CMA CGM
BY BLOOMBERG NEWS

China Merchants Group is in talks to invest in port assets owned by French shipping company CMA CGM as the state-owned firm seeks to diversify geographically and boost capacity, people familiar with the matter said.

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