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04 April 2020 The on-line newspaper devoted to the world of transports 01:18 GMT+2



March 26, 2020

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CMA CGM concludes sale of eight-stakeholder terminals at Terminal Link

They've been sold for 850 million dollars. 150 more million by June for the handover of two more shares

After the European Commission's green light to the operation ( 20 March 2020), today the CMA CGM'French known to have completed the first tranche of the sale of its shares in port terminals at Terminal Link, joint venture that is 51% owned by the same company 49% by Chinese port company China Merchants Port Holdings Co. (CMPort) ( 27 November 2019).

The French Group announced that it had completed the divestment for 815 million dollars of the first eight of the ten terminals are part of the transaction. The terminals sold are: Odessa Terminal (Ukraine); CMA CGM PSA Lion Terminal (CPLT) (Singapore), Kingston Freeport Terminal (Jamaica), Rotterdam World Gateway (Netherlands); Qingdao Qianwan United Advance Container Terminal (China); Vietnam International Container Terminal, Ho Chi Minh City (Vietnam); Laem Chabang International Terminal (Thailand); Um Qasr Terminal (Iraq).

CMA CGM has announced that the last two terminals - Mundra Terminal (India) and Gemalink (Vietnam) - will be sold by the end in the first half of this year for more than 150 million dollars.

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