CMA CGM secures fresh capital for port expansion from Stonepeak

CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports, a joint venture holding nine container terminals across five countries. Stonepeak has invested $2.4bn for a 25% stake in the business, while CMA CGM retains 75% ownership and full operational control. The initial portfolio includes Fenix Marine Services in Los Angeles, Port … Read full article →