CMA CGM and Stonepeak Announce Groundbreaking Terminal Joint Venture, UNITED PORTS LLC
The CMA CGM Group, a global player in sea, land, air and logistics solutions, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced today an agreement to launch UNITED PORTS LLC, a U.S. Joint Venture (“JV”) to acquire 10 of the major CMA CGM-operated port terminals worldwide. The JV is backed by a $2.4 billion investment from Stonepeak for a 25% minority stake.
