OFFSHORE ENERGY reports:
South Korean shipping major HMM has signed a sales and purchase agreement with French counterpart CMA CGM for the sale of its 50 per cent stake minus one share in Total Terminal International Algeciras (TTI Algeciras), a container terminal in the south of Spain.
Shares of TTI Algeciras are owned by HMM and HT Algeciras — a special purpose company wholly controlled by HMM. HMM directly owns a stake …
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Source: The Loadstar
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