OK for Maher sale

News-in-print by WCN Editorial

The Port Authority of New York & New Jersey has approved the sale of New Jersey’s largest container terminal operation after the parties involved in the deal agreed to provide US$136M to improve the facilities. As reported in the March 2007 issue of WorldCargo News (p1), Maher Terminals, which operates the largest common-user container terminal in the US at Port Elizabeth in New Jersey, has been sold to RREEF Alternative Investments, the asset management arm of Deutsche Bank.

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