GRIMALDI TO BUY 10% STAKE IN ACL FROM CMA CGM
Italian shipping group Grimaldi, the majority owner of Atlantic Container Line, is negotiating the purchase of an additional 10-percent shareholding interest in the transatlantic carrier currently held by CMA CGM.
Grimaldi already owns about 82 percent of ACL.
The completion of the purchase of CMA CGM’s stake by Grimaldi is expected to be announced in the next few days.