News Content
Deutsche Bank to sell Maher Terminals in North America
DEUTSCHE Bank is seeking a buyer for all, or part, of Maher Terminals container handling facilities in the United States and Canada that it purchased for US$2.3 billion including debt in 2007.
The Wall Street Journal reported cited sources familiar with the matter, who claimed that Maher had accumulated $1.5 billion in losses at Deutsche Bank since the financial crisis.
It cited one source as saying Deutsche Bank may sell the whole business or seek separate deals for Maher's two terminals, or it could opt not to sell now at all.
It said a sale of the whole business could fetch a price between $800 million and $1 billion, Reuters reported.
The Wall Street Journal reported cited sources familiar with the matter, who claimed that Maher had accumulated $1.5 billion in losses at Deutsche Bank since the financial crisis.
It cited one source as saying Deutsche Bank may sell the whole business or seek separate deals for Maher's two terminals, or it could opt not to sell now at all.
It said a sale of the whole business could fetch a price between $800 million and $1 billion, Reuters reported.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
