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After the Malta Freeport in Marsaxlokk, Malta's container port was franchised to the French shipping company, CMA CGM, at least until the year 2038. When China Merchants Ports acquired a 49% stake in Terminal Link in 2013, it then obtained an approximate 25% stake in Malta Freeport Terminal while CMA CGM held the rest of the shares (51%).
In May 2007, a consortium represented by CMA CGM completed its acquisition of Compagnie Marocaine de Navigation (Comanav) for a sum of €200 million. [13] [14] In July 2007, CMA CGM acquired Cheng Lie Navigation Corp. (CNC Line), Intra-Asia container line based in Taiwan. In 2014, CMA CGM signs the Ocean Three agreements.
On 28 June 2016, CMA CGM said it will proceed to delist NOL, after it crossed the 90 per cent ownership threshold in the company and NOL was subsequently delisted on 5 September 2016. [ 4 ] [ 12 ] In May 2017, less than a year after the NOL acquisition, CMA reported turning a net profit of $26 million from the NOL business in the first quarter ...
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On June 10, 2016, APL and NOL became subsidiaries of CMA-CGM when over 90% of Singapore stocks were purchased by the container line. [31] Later that year, CMA CGM subsidiary U.S. Lines as well as the transpacific business of ANL was consolidated into APL.
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