Thursday, December 26, 2019

CMA CGM to sell 10 facilities for $968 million to Terminal Link

The carrier revealed it had drawn up a series of other measures to further reduce debt, which included raising $860 million from the sale and leaseback of vessels. Shipping

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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