CMHI and CMA CGM Complete Terminal Link Transaction
Tuesday, June 11, 2013

China Merchants Holdings (International) Company Limited (CMHI) and CMA CGM are pleased to announce the completion on June 11, 2013 of the sale and purchase of the 49% equity stake in Terminal Link, upon the obtaining of all consents and approvals in various jurisdictions and the completion of certain pre-closing corporate reorganizations as stipulated under the terms of the Acquisition Agreement.

CMHI's intention to acquire from CMA CGM 49% equity interest in Terminal Link for €400 million was announced earlier in January. The Completion was formalised by the signing by both parties of a Shareholders Agreement.

Among the many guests attended the signing ceremony in Luxembourg of the Shareholders Agreement were CMA CGM Executive Officer Farid Salem, China Merchants Group Vice President Raymond Yu, CMHI Deputy General Manager & CFO Zhang Rizhong, CMHI Assistant General Manager Oliver Lam, CMHI Executive Director of International Development Jared H. Zerbe.

Terminal Link owns 15 container terminals in eight countries across four continents, viz:

  •  Container Handling Zeebrugge at Zeebrugge (Belgium);
  •  Antwerp Gateway at Antwerp (Belgium);
  • Terminal des Flandres at Dunkirk (France) ;
  •  Terminal de France and Terminal Nord at Le Havre (France);
  •  Terminal du Grand Ouest at Montoir (France) ;
  •  Eurofos at Fos (France) ;
  •  Somaport at Casablanca (Morocco);
  •  Eurogate Tanger at Tangiers (Morocco) ;
  •  Malta Freeport Terminal at Marsaxlokk (Malta);
  •  Terra Abidjan at Abidjan (Ivory Coast);
  •  Houston Terminal Link Texas at Houston (the United States) ;
  •  South Florida Container Terminal at Miami (the United States) ;
  •  Busan New Container Terminal at Busan (South Korea) ;
  •  Haicang Xinhaida Container Terminal at Xiamen (the PRC).
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Search for Ship Lost in Hurricane a Big Challenge

Deep seas may complicate efforts to find the sunken U.S. cargo ship lost off the Bahamas during Hurricane Joaquin, a federal safety investigator said, as a search

USCG Search for Missing Crew of El Faro

Coast Guard search and rescue crews continue searching for possible survivors from the cargo ship El Faro Monday night, covering a total search area of more than 160,574 square nautical miles.

Northern Fleet to Conduct Anti-terrorist Exercises

The sailors of the Northern Fleet will conduct anti-terrorism exercises at Novaya Zemlya. During the exercise, the coast will be a landing. The landing will


Port of Piraeus Privatisation Delayed

The Greek government plans to delay the privatization process for its largest Port, Piraeus, by a few weeks due to delays caused by the September 20 election to

Rolls-Royce to Cut More Staff of Marine Unit

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals,


Stiff Competition for Cosco Pacific in Mediterranean

Although Cosco Pacific, the Hong Kong-listed subsidiary of China’s biggest shipping company China Cosc,  is expanding in the Mediterranean area after taking part

Port of Piraeus Privatisation Delayed

The Greek government plans to delay the privatization process for its largest Port, Piraeus, by a few weeks due to delays caused by the September 20 election to

LNG Tanker Smash Sinks Cargo Ship

The 2002-built, 8,850-dwt freighter Flinterstar is owned by Dutch shipping firm Flinter has sank after colliding nearly head on with the Marshall Islands-flagged

Mergers & Acquisitions

PG Flow Solutions Acquires Calder

PG Flow Solutions AS (PG), majority owned by Norvestor VI, L.P. has acquired 100 percent of the shares in the U.K. high-pressure pumping specialist Calder ltd.   Calder’s founder and chairman,

APM TEC2 Receives Cranes

The first three of the world’s largest and most technologically advanced Ship-to-Shore (STS) container cranes and two rail mounted cranes for the intermodal rail

AEP to Sell AEP River Ops To ACL

American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL),

Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2086 sec (5 req/sec)