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CMA CGM in joint venture for US, global container terminals
Yahoo Finance· 2026-01-28 21:50
The CMA CGM Group will acquire 10 of its global ocean terminals, including two in the United States, through a joint venture with an American private equity investor. The U.S.-based joint venture, United Ports LLC, was created with a $2.4-billion investment from Stonepeak of Los Angeles, an infrastructure specialist which owns a 25% share of the company. “The creation of United Ports LLC marks an important step in the development of our terminal activities in the United States and globally,” said Chairm ...