EQT announced that the EQT Infrastructure III fund has agreed to sell its stake in Fenix Marine Services to CMA CGM for an enterprise value of $2.3 billion. Fenix Marine Services is one of the largest terminals in the Port of Los Angeles. The deal closing is subject to customary regulatory approvals.

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EQT announced that the EQT Infrastructure III fund has agreed to sell its stake in Fenix Marine Services to CMA CGM for an enterprise value of $2.3 billion. Fenix Marine Services is one of the largest terminals in the Port of Los Angeles. The deal closing is subject to customary regulatory approvals.

RTTNews | Nov 3, 2021 09:14AM EDT

09:14 Wednesday, November 3, 2021 (RTTNews.com) - EQT announced that the EQT Infrastructure III fund has agreed to sell its stake in Fenix Marine Services to CMA CGM for an enterprise value of $2.3 billion. Fenix Marine Services is one of the largest terminals in the Port of Los Angeles. The deal closing is subject to customary regulatory approvals.

Fenix Marine Services provides container handling services to shipping lines. The company handles approximately 2.3 million TEUs (unit of cargo capacity) annually. EQT acquired Fenix Marine Services in December 2017.

Read the original article on RTTNews ( https://www.rttnews.com/3238951/eqt-infrastructure-to-sell-its-stake-in-fenix-marine-services-quick-facts.aspx)

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