DIF to buy first container terminal

17 August 2020 - 12:00 am UTC

DIF has partnered with French shipping giant CMA CGM to buy a minority stake in a container terminal in southern Spain.

The consortium will buy a stake of 50% minus one share in Total Terminal International Algeciras (TTIA) from South Korea’s largest shipping line HMM, for an undisclosed price, DIF said in a statement on 17 August. The completion of the sale is scheduled for Q4, following approval by antitrust and Algeciras port authorities.

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