France’s CMA CGM to buy New York, New Jersey terminals from Canada’s GCT By Reuters


© Reuters. Containers are seen stacked up on the container ship CMA CGM Benjamin Franklin at the port of Antwerp, Belgium September 23, 2022. REUTERS/Yves Herman/File Photo

(Reuters) – CMA CGM on Wednesday said it would buy Global Container Terminals Inc’s (GCT) two terminals in the Port of New York and New Jersey as it eyes further expansion in the United States.

Bloomberg had first reported on Tuesday that CMA CGM was nearing a deal to acquire two GCT terminals in a deal which could fetch around $3 billion.

Be the first to comment

Leave a Reply

Your email address will not be published.


*