CMA CGM completes sale of Los Angeles terminal stake
CMA CGM has completed its sale of a 90% stake in Global Gateway South Terminal in Los Angeles.
The stake has been sold for about US$820m to EQT Infrastructure III and its partner P5 Infrastructure. The terminal was valued at US$875m.
CMA CGM will remain a minority shareholder with 10% of the GGS terminal and will continue to be a major user of the facility.
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