Bloomberg in talks to acquire global container terminals

Bloomberg in talks to acquire global container terminals

According to people with knowledge of the matter, Bloomberg is one of the world's largest shipping companies in advanced talks to acquire Global Container Terminals operations in Staten Island, New York and Bayonne, New Jersey.

Global Container Terminals owners Ontario Teachers Pension Plan, IFM Investors and British Columbia Investment Management Corp. are exploring a sale of the two container terminals, which could fetch around $3 billion, according to Bloomberg News in October.

A transaction between CMA CGM and Global Container Terminals may be announced as soon as this week, said one of the people who requested anonymity about private information. The deal's terms could not be learned immediately.

Representatives for the CMA CGM, BCI, Global Container and Ontario Teachers did not want to make a statement. An IFM representative didn't respond immediately to a request for comment.

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CMA CGM has bolstered its US holdings in recent years. The company said last month that former Ports America executive Peter Levesque would succeed Ed Aldridge as president of CMA CGM America.

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