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21 October 2019 The on-line newspaper devoted to the world of transports 23:18 GMT+2



July 3, 2017

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Original news
CMA CGM sells 90% of the container terminal GGS of Los Angeles City to bottom EQT Infrastructure III

the transaction will have a value of
875 million dollars
the French shipowning group CMA CGM has undersigned a binding agreement with EQT Infrastructure III and its partner P5 Infrastructure in order to yield 90% of the capital of the container Global terminal Gateway South (GGS), that it is situated on Pier 302-305 of the port of Los Angeles City, to bottom EQT managed Infrastructure III from Swedish society EQT.

the French group has specified that the transaction, that will have a value of 875 million dollars (of which 817 million to stipulates of the agreement and the quota remaining based on the operating performances and future financial institutions of the GGS), takes part last year of the dismissioni previewed in the within of the acquisition of the group Neptune Orient Lines (NOL) of happened Singapore(of the 6, 10 and 28 june 2016).

Second the forecasts, the transaction will be capacity to term in the last trimester of this year.

the harbour terminal is managed by Eagle Marine Services on behalf of its group leader, the company of navigation APL that - as a result of the acquisition of the NOL from CMA CGM - it has entered to take part of the French group. CMA CGM will maintain the property of remaining 10% of the capital of Global Gateway South.

Eagle Marine Services work the terminal within a concession contract that will finish to end 2043. One previews that this year terminal GGS will enliven a traffic of the container pairs to beyond a million teu.





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