05.11.2021
Artikel Nummer: 38449
CMA CGM buys FMS in Los Angeles
It is a new chapter in CMA CGM's Transpacific trades. The French Group is acquiring the Fenix Marine Services (FMS) container terminal at the port of Los Angeles. The transaction is valued at about USD 2 billion.
CMA CGM already holds a 10% stake in FMS and is to buy the remaining 90% from investment fund EQT Infrastructure III (EQTAB.ST) on the basis of an enterprise value of USD 2.3 billion. In the end, the carrier CMA CGM expects to pay out around USD 1.8 billion for the 90% stake.
FMS is the third-largest container terminal at Los Angeles. This takeover brings CGM CMA's portfolio of terminals to 50 on a global scale. Like Maersk, CMA CGM is increasing its assets by adding terminals and expanding logistics infrastructure. (sh)