fenix-marine-services

CMA CGM to acquire one of the largest port terminals in the United States

The CMA CGM Group has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will become sole owner of the FMS facility post transaction closing. As part of its plan, the Group will accelerate FMS’ development with ... [+]