TPIH to Sell Stake in COSCO SHIPPING Ports Spain to CMA CGM Group
06.13.23
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Simpson Thacher is representing TPIH Iberia S.L.U (“TPIH”) in connection with the sale of its 49% stake in COSCO SHIPPING Ports (Spain) Holding, S.L. to CMA CGM Group. Completion of the transaction is subject to all required regulatory approvals being obtained. The interest corresponds to an indirect stake of 49% in CSP Iberian Valencia Terminal, S.A.U., one of Spain’s largest container terminals, and an indirect stake of 38% in CSP Iberian Bilbao Terminal, S.L. connecting Spain with the main ports in Northern Europe via the Atlantic Ocean.
The Simpson Thacher team includes Amy Mahon, Jiaying Zhang, Alex Wilson, Alex Ward and Harry Smouha (M&A); and Sarah Lindley and Chris Dorman (Tax).