China Merchants Port to acquire stakes in 10 terminals from CMA CGMChristian Fernsby ▼ | November 27, 2019
China Merchants Group’s port operation unit agreed to acquire interests in 10 terminals from French container shipping giant CMA CGM for $468 million, reported Caixin.
Acquisition CMA CGM
Topics: China Merchants Port terminals CMA CGM The deal followed an overseas port investment earlier this month by another Chinese state-owned shipping company, Cosco, showing China’s ambition to reach out to global ports as part of the Belt and Road Initiative. ■