Ports America exploring US$1bn sale
Ports America is reportedly exploring a sale which would value the company at US$1bn.
The terminal operator’s owner, Highstar Capital, which is a private equity firm, is working with investment bank RBC Capital Markets LLC to find a buyer according to Bloomberg,
Ports America currently has a network of 36 container terminals in 24 US ports, and holds approximately one third of the container market share in North America, handling approximately 12m teu annually.
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