CMA CGM has completed the sale of 90% of the APL terminal Global Gateway South, located in the Los Angeles-Long Beach port complex, to an infrastructure investment consortium.
Whether the deal will propel much-needed consolidation in the diversified terminal environment of the US’s largest container gateway remains to be seen however.
The deal closed at $875m, the 90% equity stake bought by infrastructure investment funds EQT Infrastructure III and P5 Infrastructure, led by managers who …
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Source: The Loadstar