Bloomberg is reporting that China Merchants Group is looking to invest in more ports owned by French containerline giant CMA CGM.
The Chinese company already owns a 49% stake in CMA CGM’s Terminal Link, which it bought for $443m six years ago.
Terminal Link has 13 terminals across the world. The French line also has another port subsidiary, CMA Terminals, which has 32 terminals globally either in operation or under construction.
Both parties declined to comment when contacted by Bloomberg.