December 26, 2019: In an attempt to reduce the debt burden, CMA CGM has finalised the terms of its sale of 10 terminals. The French carrier said would receive $968 million in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture in which it holds 51 percent and Chinese port operator China Merchants the remaining stake.
CMA CGM to sell 10 facilities for $968 million to Terminal Link
December 26, 2019: In an attempt to reduce the debt burden, CMA CGM has finalised the terms of its sale of 10 terminals. The French carrier said would receive $968 million in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture in which it holds 51 percent and Chinese port operator China Merchants the remaining stake.
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