Deutsche Bank in New Jersey Terminal Sale


A container terminal at Port Elizabeth, New Jersey is to be sold to a Macquarie Group investment fund, after it agreed to make the purchase from Deutsche Bank AG, according to Bloomberg.

This follows the Deutsche Bank’s acquisition of Maher Terminals in 2007.

According to a statement, Deutsche Bank’s financials are not anticipated to be impacted by the sale.

Maher Terminals recently placed a large order for 27 straddle carriers from Kalmar in a bid to renew and expand upon its current fleet.

PTI previously reported on a port and logistics acquisition which is taking place in Australia, with Australia's Qube Holdings and Canada's Brookfield Asset Management raising a US$753 million loan to acquire Asciano.

Five banks, including the Australia and New Zealand Banking Group and Citigroup will be providing finance on a club basis.

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