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31 October 2020 The on-line newspaper devoted to the world of transports 14:24 GMT+1

November 27, 2019

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Original news
CMA CGM agrees with CMPort the cession of own participation in ten harbour terminals

The operation has a total value of 955 million dollars

The Chinese harbour society Lowers Merchants Port Holdings Co. (CMPort) has signed a memorandum of understanding with the French shipowning group CMA CGM based on which Terminal Link, joint venture participated respective to 49% and 51% from the two companies, will acquire the participation that the transalpine shipowning group possesses in ten total terminaliste societies for 955 million dollars. The understanding answers to the intention of CMA CGM to unravel of these quotas in exchange for resources in order to finance the acquisition of the logistic society CEVA(on 25 November 2019). The ten terminalistiche societies operate as many terminals in ports of Asia, Europe, the Middle East and the Caribbean.

The understanding previews that CMPort acquires until 468 million dollars of convertible debentures emitted of the Terminal Link and emits a loan until 500 million dollars regarding CMA CGM that will reimburse the financing in eight years as increase of capital of the Terminal Link, while CMPort will have to convert the obligations in actions of the Terminal Link, joint venture that to conclusion of the operation will continue to being participated to 49% from the Chinese society and to 51% from that French.

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