RSS   Newsletter   Contact   Advertise with us

China Merchants Port to acquire stakes in 10 terminals from CMA CGM

Christian 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.
CMA CGM
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.


 

MORE INSIDE POST