The CMA CGM Group has signed an agreement to acquire 90% stake in the Fenix Marine Services terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will become sole owner of the FMS facility post transaction closing. State-of-the-art infrastructure at the heart of one of the world’s largest port regionsFMS is the third-largest terminal in the Los Angeles/Long Beach port area in terms of capacity (around 2.5 million TEU) and one of the largest in North America. The terminal also benefits from a long-term concession agreement through 2043.
The CMA CGM Group has signed an agreement to acquire 90% stake in the Fenix Marine Services terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will become sole owner of the FMS facility post transaction closing. State-of-the-art infrastructure at the heart of one of the world’s largest port regionsFMS is the third-largest terminal in the Los Angeles/Long Beach port area in terms of capacity (around 2.5 million TEU) and one of the largest in North America. The terminal also benefits from a long-term concession agreement through 2043.
