UNITED PORTS joint venture formation

Stonepeak completed a $2.4 billion investment for a 25% interest in UNITED PORTS on 28 July 2026 after regulatory approvals. CMA CGM retained 75% and operational control. The venture initially comprised nine port terminals in the United States, Brazil, Spain, Taiwan and Vietnam. Its announced January portfolio included an additional Indian terminal; that addition remained subject to approval at closing. The partners plan to modernize terminals, increase capacity, improve inland connectivity and electrify equipment. Stonepeak may provide up to $3.6 billion more for future port investments. That optional future capital is separate from the completed purchase price and does not represent an additional completed investment.