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China Merchants in Talks to Invest in CMA CGM Port Assets

  • The group could spend at least several hundred million in USD
  • A deal via Hong Kong-listed China Merchants Port among options
France's Largest Container Ship Inauguration
Photographer: Christophe Morin/Bloomberg
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China Merchants Group is in talks to invest in port assets owned by French shipping company CMA CGM as the state-owned firm seeks to diversify geographically and boost capacity, people familiar with the matter said.

China Merchants is considering spending at least several hundred million U.S. dollars on the potential transaction, according to the people, who asked not to be identified because the information is private. It may opt to do the deal through Hong Kong-listed unit China Merchants Port Holdings Co., the people said.