CMA CGM and Stonepeak have formed a joint venture, United Ports LLC, with a $2.4 billion investment to acquire and manage 10 major port terminals globally.

Information on the Target

United Ports LLC is a newly formed joint venture between CMA CGM Group and Stonepeak, designed to manage a portfolio of 10 major port terminals operated by CMA CGM across the globe. This joint venture encompasses significant facilities located in the United States, Brazil, Spain, India, Taiwan, and Vietnam, thereby establishing a strategic foothold in critical global shipping routes.

The transaction involves an investment of $2.4 billion from Stonepeak, granting them a 25% minority stake in the joint venture. CMA CGM, retaining 75% ownership, will maintain full operational control of United Ports LLC, focusing on optimizing service quality and expanding terminal capabilities to respond to rising demands in global trade.

Industry Overview in the Target's Specific Country

The logistics and transportation industry in the United States is a crucial driver of the economy, facilitating international trade and commerce through a network of ports, highways, and railroads. Container terminals serve as pivotal nodes in this indust