CMA CGM’s Sale Of Its 50% Stake In Indian Logistics Hub To PSA Singapore

Herbert Smith Freehills has advised CMA CGM on the sale of its 50% stake in Indian logistics hub to PSA Singapore, a subsidiary of Temasek.

Upon completion of the proposed deal, CMA CGM will sell its 50% stake in Ameya Logistics Pvt Ltd, the entity that runs the logistics hub near Jawaharlal Nehru Port Trust, India’s busiest container gateway. The deal with PSA is expected to close in the first quarter of 2020.

CMA CGM is a French container, transportation and shipping company operating in over 160 countries and serving 420 of the world’s 521 commercial ports

Formerly the Port of Singapore Authority, PSA International has grown into a global port group. PSA Singapore is one of the group’s flagship terminals.

HSF’s Partner Nicola Yeomans (Picture) led the team advising CMA CGM assisted by senior associate Indraneil Ghosh and associates Alice Li and Matthew Wentz, all based in Singapore. The team worked with infrastructure partners Glynn Cooper in Kuala Lumpur and David Hugo in Australia. Paris partner Hubert Segian supported the team as the firm’s global client relationship partner for CMA CGM.

Involved fees earner: Glynn Cooper – Herbert Smith Freehills; Indraneil Ghosh – Herbert Smith Freehills; David Hugo – Herbert Smith Freehills; Alice Li – Herbert Smith Freehills; Hubert Segain – Herbert Smith Freehills; Matthew Wentz – Herbert Smith Freehills; Nicola Yeomans – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: CMA CGM S.A.;

Author: Michael Patrini