Uría Menéndez and Pérez-Llorca have advised on the expansion of the strategic presence of the CMA CGM Group.
CMA CGM Group, global player in maritime, land, air and logistics solutions, will acquire shares in Cosco Shipping Ports (Spain) Holding (CSP) from TPIH Iberia, corresponding to a 49% indirect stake in CSP Iberian Valencia Terminal, one of the largest container terminals in Spain, and a 38% indirect stake in CSP Iberian Bilbao Terminal connecting Spain with the main ports of Northern Europe via the Atlantic Ocean. The acquisition is subject to obtaining all required regulatory approvals.
CPS Bilbao is an important hub connecting Spain with Northern Europe through CMA CGM’s short sea services. CSP Valencia is one of the largest container terminals in Spain and a strategic hub in the Mediterranean.
Uría Menéndez has advised CMA CGM Group and the team has been formed by Carlos López-Quiroga (partner), Teresa Paz Ares (partner), Alex Birchan (partner) and Diego José Pérez Rodríguez (associate).
Pérez- Llorca has advised TPIH Iberia and the team has been formed by Álvaro Ramírez de Haro, corporate partner, Norma Peña, tax partner, Isabel Moya, partner of labour law, Ana Cremades, partner in public and administrative law, Pablo Figueroa, competition partner, José Luis Romeu, corporate lawyer, Paula Álvarez de la Ballina, corporate lawyer.