18
Jan
French shipping company CMA CGM Group has finalized an agreement to become the sole owner of the Fenix Marine Services container terminal in Los Angeles, the company said Jan. 5. Under the agreement, which was initially announced in November, CMA CMM is acquiring 90% of the company from EQT Infrastructure III for an estimated $2.3 billion. The shipping company previously held a 10% stake in the terminal, but now has sole ownership and said that it plans to take over the operations of the facility with the goal of improving its service quality and invest in increasing container yard and…