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CMA CGM acquires 46% stake in Total Terminal Algeciras

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Algeciras, Spain (PortSEurope) August 11, 2020 – CMA CGM, the French shipping company, has signed an agreement with HMM to acquire a 49% stake in Total Terminal Algeciras (TTIA) with the remaining equity to stay with South Korea’s HMM via its ownership of HT Algeciras, a special purpose company. Last June, HMM (previously Hyundai Merchant…

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