APM Terminals Sells Le Havre Port Share

first_imgzoom TPO Le HavrePerrigault SA., the Le Havre-based port and logistics operator and APM Terminals have completed the sale of APM Terminals’ 50% share in Terminal Porte Océane (TPO) and Société d’Exploitation du Terminal Porte Océane to Perrigault SA. Both companies operated a 50-50 joint venture in Le Havre. TPO signed the concession agreement with Port Autonome du Havre (currently Grand Port Maritime du Havre) back in May 16, 2006.Perrigault SA CEO Jean Bekaert said: “Our decision to expand our share demonstrates our strategic commitment to serving the French market with the finest port and logistics services in Le Havre.”With the fourth-largest economy in Europe, and the 9th-largest in the world, France was the world’s 5th-largest exporter and 6th-largest importer in 2013, with combined trade of USD 1.21 trillion.The Port of Le Havre, which dates to 1517, is the largest container port in France and an important center of containerized trade for the European Union.The IMF has projected the French economy to expand by 1% in 2014, and by 1.5% in 2015.Le Havre handles approximately 60% of all French container volume, and is the 6th-busiest container port in the Northern European port range, handling approximately 2.5 million TEUs in 2013.Press Release, July 23, 2014last_img read more

IPO market in Canada recovering after dismal 2016 PwC report says

IPO market in Canada recovering after dismal 2016, PwC report says TORONTO – PwC says the initial public offering market in Canada has bounced back, posting a steady recovery through the first half of the year after a dismal 2016.The professional services firm issued a report Tuesday saying there were 16 new IPOs on Canadian exchanges in the first six months of this year that raised a total of $2.9 billion.A $1.7-billion offering by Kinder Morgan Canada Ltd. (TSX:KML) on the Toronto Stock Exchange led the second-quarter IPOs this year.It was the largest IPO in Canada since Hydro One (TSX:H) in 2015.Other offerings this year included Source Energy Services (TSX:SHLE), Real Matters Inc. (TSX:REAL), Step Energy Services Ltd. (TSX:STEP) and MedReleaf Corp. (TSX:LEAF).The data for this year is in contrast to 2016, which the report called the worst year in the nearly 20-year history of its survey of the IPO market, with two IPOs debuting in the first six months of that year on all Canadian exchanges.Note to readers: This is a corrected story. A previous version said there were no IPOs debuting in the first six months of 2016. by The Canadian Press Posted Jul 4, 2017 11:06 am MDT Last Updated Jul 4, 2017 at 3:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more