South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
French carrier CMA CGM has cemented its port investment position in the Gibraltar straits after completing its acquisition of 50% of HMM’s Total Terminal International Algeciras facility, following approval from the Spanish port authority.
CMA CGM has taken a 25.5% stake in TTIA, with investment fund partner DIF Capital Partners taking 24.5%, leaving HMM with a 50%+ one share stake.
The deal makes CMA CGM the second major carrier, after Maersk, to have a presence in ports on both sides of the ...
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