Comment / Against the odds: CMA CGM's $2.3bn Fenix deal – doing what needs to be done

One of the major CMA CGM-related highlights from last week, which came a month after Premium wrote “CMA CGM – it’s your turn to deal now, darling“, follows:

“The CMA CGM Group, a world leader in shipping and logistics, has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion.”  

I trust you all know the 3 November background story of this purchase…

… and you have ...