• 2013 January 28 11:11

    CMHI and CMA CGM form strategic partnership

    China Merchants Holdings (International) Company Limited and CMA CGM announce that on 25th January 2013, they have signed the Share Purchase Agreement regarding the sale of 49% equity interest in Terminal Link for 400 million. Following some pre-closing reorganization, the transaction is expected to complete within the first half of 2013, subject to receipt of certain relevant external regulatory approvals.

    Terminal Link, 100% subsidiary of the CMA CGM Group based in Marseilles, France, operates, develops and invests in a global network of 15 terminals located on the world’s key international shipping routes. Supported by state-of-the-art infrastructure and equipment and expert management teams, it provides best-in-class quality services in stevedoring, storage and other container-handling activities to the world’s largest shipping lines calling at its terminals. Terminal Link ranks #12 worldwide based on throughput handled with a volume of 8.1m TEUs handled in 2011.

    CMA CGM, the world’s third largest container shipping company, has been pioneering container shipping industry growth on the Asia EC Europe and Mediterranean Basin trading routes. In the continuity of the successful partnerships created with world-class terminal operators through shared control of terminal assets, this important operation constitutes a unique opportunity to accelerate its development into and strengthen exposure to emerging markets-driven trade flows, and in particular inbound and outbound China container traffic.

    CMHI, the largest public port operator in China, invests in and operates port business from a portfolio located primarily in 8 major cities along China Mainland's 5 most economically-active regions (via Shenzhen, Hong Kong, Shanghai, Ningbo, Qingdao, Tianjin, Xiamen and Zhanjiang).

    Added to its port portfolio, in recent years, are assets in Colombo of Sri Lanka and in Africa. Total container volume handled by its port portfolio exceeds 60 million TEUs in 2012. In this respect, investing in Terminal Link does not only represent a significant step for CMHI towards further internationalizing its ports business, but also help to deepen the already mutually beneficially working relationship with a leading global container shipping group.

    CMHI Chairman, Dr. Fu Yuning, emphasized, "The transaction is consistent with CMHI's strategy and marks a significant step towards expanding our international footprint. Terminal Link’s strategic relationship with CMA CGM will help to ensure the long-term sustainability of its operations. Besides, Terminal Link's exposure to terminals in emerging markets and its potential pipeline of new projects present another driver for its volume growth and financial returns in the future. On the other hand, CMHI's existing network of terminal operations in China and globally, and the cargo flow business thereby captured, will potentially complement and supplement the services offered by Terminal Link, thereby creating synergized benefits mutual to not only both parties but also the respective shipping customers of CMHI and of Terminal Link. He added, In addition, the transaction reflects the closer working relationship we are forging with CMA CGM.
    CMA CGM, founded and managed by Jacques R. Saad is the world’s third largest container shipping company and has an estimated turnover of 16 billion USD in 2012.Operating a fleet of 410 vessels, the Group serves more than 400 ports around the world. In 2012, the Group expects to carry 16 million TEUs (twenty-foot equivalent units). With a presence on every continent and in 150 countries through its network of 650 agencies and branch offices, the Group employs 18,000 people worldwide and 2,400 in Marseilles where is situated its head office.
    CMHI is listed on the Stock Exchange of Hong Kong and is one of the 49 constituent stocks for the Hong Kong Hang Seng Index. It is one of the largest public port operators of, and investors in, port facilities in China with a market share of over 32% of China’s container throughput. CMHI’s port network is strategically located in gateway hubs in Asia and Africa and CMHI’s ports handled over 60 million TEUs of containers in 2012. CMHI has a current market capitalization of more than HK$60 billion. As of 31 December 2011, its total assets exceeded HK$87 billion.


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