EU approves CMA CGM and CMPorts terminal deal

The European Commission has approved the acquisition CMA CGM Port Terminals and Terminal Link Holding Pte. Ltd by CMA CGM and China Merchants Port Holdings Company (CMPorts). The European Commission concluded that the proposed acquisitions would not raise competition concerns.

Under the $955 million acquisition, a total of ten terminals will be transferred to a pre-existing joint venture called Terminal Link S.A.S which will be jointly controlled by CMA CGM and CMPorts. The terminals are located across Asia, Europe, the Middle-East and the Caribbean.

The terminals in the deal include Odessa Terminal (Ukraine), CMA CGM PSA Lion Terminal (Singapore), Mundra Terminal (India), Kingston Freeport Terminal (Jamaica), Rotterdam World Gateway (Netherlands), Gemalink (Cai Mep, Vietnam), Qingdao Qianwan United Advance Container Terminal (China), Vietnam International Container Terminal (Vietnam), Laem Chabang International Terminal (Thailand) and Umm Qasr Terminal (Iraq).

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