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Port Elizabeth's Maher container terminal to be sold by Deutsche Bank

DEUTSCHE Bank has reached an agreement with Macquarie Infrastructure Partners III (MIP III), a fund managed by Macquarie Infrastructure and Real Assets (MIRA) to sell Maher Terminals USA, LLC, a 454-acre multi-user container terminal in Port Elizabeth, New Jersey.

Port Elizabeth's Maher container terminal to be sold by Deutsche Bank
27 April 2016 - 20:12

Port Elizabeth's Maher container terminal to be sold by Deutsche Bank
DEUTSCHE Bank has reached an agreement with Macquarie Infrastructure Partners III (MIP III), a fund managed by Macquarie Infrastructure and Real Assets (MIRA) to sell Maher Terminals USA, LLC, a 454-acre multi-user container terminal in Port Elizabeth, New Jersey.
The transaction, under which MIP III has agreed to acquire 100 per cent of Maher Terminals USA, LLC, is subject to Port Authority and other regulatory approvals. Terms of the transaction were not disclosed, reported LA area Global Trade magazine.
Maher Terminals in New Jersey currently moves more than two million TEU per year and provides a vital transport link between land and water for the global marketplace. 
Since acquiring the asset in 2007, Deutsche Bank has managed this vital transport link through the financial crisis and recovery.
Maher Terminals is a legacy asset held within the Bank's Non-Core Operations Unit (NCOU). In 2015, Deutsche Bank sold Maher Terminals' Canadian operations Fairview Container Terminal in Prince Rupert, British Columbia, to DP World.

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