CMA CGM and Stonepeak form United Ports

US infrastructure investor Stonepeak has struck a joint venture terminal deal with French liner CMA CGM worth close to $10bn. Called United Ports, the joint venture will cover 10 of CMA CGM’s terminals worldwide. The JV is backed by a $2.4bn investment from Stonepeak for a 25% minority stake. The terminals involved are Los Angeles …

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