CMA CGM and Stonepeak Agree to Form Nearly 10 Billion Dollar Port Terminal Joint Venture
CMA CGM and Stonepeak will create United Ports LLC to manage terminal assets globally. The deal provides CMA CGM with funding to expand its core business units.
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The shipping group CMA CGM, based in France 
FR, and the New York investment firm Stonepeak have entered an agreement to establish a joint venture named United Ports LLC. The new entity is valued at nearly $10 billion and is designed to operate and invest in port terminals on a global scale. As part of the transaction, Stonepeak will invest $2.4 billion to acquire a 25% minority stake in the joint venture, while CMA CGM will contribute 10 terminals that it currently controls to the new structure.
FR, and the New York investment firm Stonepeak have entered an agreement to establish a joint venture named United Ports LLC. The new entity is valued at nearly $10 billion and is designed to operate and invest in port terminals on a global scale. As part of the transaction, Stonepeak will invest $2.4 billion to acquire a 25% minority stake in the joint venture, while CMA CGM will contribute 10 terminals that it currently controls to the new structure.The portfolio of terminals included in the deal spans several nations, featuring operations in the United States 
US, Spain 
ES, Brazil 
BR, India 
IN, Taiwan 
TW, and Vietnam 
VN. Notable assets within the joint venture include major port facilities in New York and Los Angeles. This move follows an announcement made last year by CMA CGM regarding its intention to invest $20 billion within the United States.
US, Spain ES, Brazil BR, India IN, Taiwan TW, and Vietnam VN. Notable assets within the joint venture include major port facilities in New York and Los Angeles. This move follows an announcement made last year by CMA CGM regarding its intention to invest $20 billion within the United States.
