CMA CGM takes 10% stake in CSP Zeebrugge TerminalStaff Writer | July 23, 2018
CMA CGM announced the acquisition from Ports Development Co. Limited, a wholly-owned subsidiary of Cosco Group, of 10% equity interest in CSP Zeebrugge Terminal through its wholly-owned subsidiary CMA Terminals.
Acquisition The Port of Zeebrugge enjoys a strategic geographic position in Europe
Ports completed the acquisition of the remaining 76% equity interest in CSP Zeebrugge terminal in November 2017 and made it a wholly-owned subsidiary.
The Port of Zeebrugge enjoys a strategic geographic position in Europe and is a transportation hub for traffic everywhere in the world.
Moreover, Zeebrugge is easily connected to other European countries through a dense network of road and rail connections, offering the CMA CGM Group’s customers many opportunities. ■