Milbank LLP advised Global Container Terminals Inc. (“GCT”) on the successful conclusion of its sale of its GCT USA assets to CMA CGM Group, a global shipping and logistics leader based in Marseille, France.
GCT, through its subsidiary GCT Canada Limited Partnership, continues to fully own and operate two leading container terminals in the Port of Vancouver, GCT Vanterm and GCT Deltaport providing over 3.5 million TEU’s of capacity through Canada’s Pacific Gateway.
"We are pleased to have advised GCT and its sponsors on the successful sale of GCT Bayonne and GCT New York to CMA CGM,” said Global Corporate/M&A partner and co-head of Milbank’s Global Infrastructure practice John Franchini. “We look forward to seeing the continued success of the terminals under CMA's leadership."
The Milbank team was led by Mr. Franchini and Global Corporate/M&A partner Aaron Stine, along with special counsel Ross Shepard and associates Rachel Rice, Ashley Kemper and Marcello Kilani. The team also included Global Project, Energy and Infrastructure Finance partner Jeffrey Leider and associates Séverine Losembe and Monica Borda-Olarte, CFIUS partner John Beahn and special counsel Dana Zelman, Antitrust partners Fiona Schaeffer and Adam Di Vincenzo and special counsel Andrew Wellin, and Tax partner Max Goodman and associate Michael Rivkin.
