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SCMP Reporter

Belgian shipping group CMB has sold its 51 per cent stake in CMBT Investments to South Africa's Safmarine Group, giving Safmarine full control of the Safmarine & CMBT Lines (SCL) container shipping joint venture.

 CMB said the move would enable SCL to make best use of opportunities arising in the fast-changing shipping industry.

 CMB will keep its stake in Transinsular, a Portuguese shipping firm, and AMI, part of its African network. The sale will add 1.24 billion Belgian francs (about HK$263.39 million) to CMB's consolidated results.



CMB sells off investment arm