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CMA CGM completes sale of Los Angeles terminal stake

December 5, 2017
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Hanjin’s parent company to fund unloading of stranded cargo

CMA CGM is trying to sell off assets

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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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