SIMIC

The remaining 10 per cent is held by EQT Infrastructure III, based on an enterprise value of US$2.3 billion, though CMA CGM will become sole owner of the terminal at the closing of the sale.

FMS is the third biggest terminal in the Los Angeles/Long Beach port area in terms of capacity (2.5 million TEU) and one of the largest in North America. The terminal also benefits from a long-term concession agreement (through 2043).

the FMS terminal has a strategic deep-water location and boasts first-class infrastructure.

It has four berths, each more than 1,000 feet long and with a draft of 50 feet as well as 16 cranes, eight of which are capable of serving very large ships.

It also has eight rail tracks located within the terminal, as well as a 292-acre container yard and 700 reefer plugs with 24/7 reefer monitoring.

CMA CGM will accelerate FMS' development with significant investment in the coming years, involving an extension of the container yard.

It also plans to expand rail capacity to create one of the largest rail infrastructures in the United States.

CMA CGM also plans to construct a new berth as well as continuing the terminal's digital transformation.

by early 2022, the FMS terminal will welcome the first CMA CGM liquefied natural gas-powered 15,000-TEU ships to be deployed on routes between Asia and the United States.

The closing of this transaction remains subject to the approval of the competent regulatory authorities.