Terminal Link, a wholly owned subsidiary of Marseilles-based CMA CGM, operates 15 container terminals in France, West Africa, the U.S. and Canada as well as Malta Freeport, a major Mediterranean transhipment hub. Graphic from Loadstar.
French ocean carrier CMA CGM has agreed to sell a 49 percent stake in its Terminal Link ports unit to China Merchants Holdings for 400 million euros ($540 million).
The companies said they expect to close on the deal, which is subject to several regulatory approvals, in the first half of 2013.
Terminal Link is the world’s 12th-largest container terminal operator, handling 8.1 million 20-foot-equivalent units in 2011.