CMA CGM Forms Joint Venture With Stonepeak to Expand Port Terminal Network
French shipping giant CMA CGM has partnered with private equity firm Stonepeak in a $2.4 billion joint venture called United Ports LLC, aimed at expanding its global marine terminal operations. The partnership gives Stonepeak a 25% minority stake and access to key port assets across four continents, including terminals in the U.S., Brazil, Spain, India, Taiwan, and Vietnam. CMA CGM will retain full operational control of United Ports LLC while using the investment proceeds for its core transportation businesses. The venture aligns with a broader trend of private equity firms investing heavily in port infrastructure as critical global trade assets. Stonepeak has previously invested in logistics companies like BMO and Air Transport Services Group, managing over $88 billion in assets. The deal is expected to close by the end of 2026 after regulatory approvals are secured.
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Topics: logistics infrastructure ports private equity investment