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June 2014: Deutsche Bank considers selling Maher terminal

In 2007, the Deutsche Bamk spent $2.3 billion to acquire Maher terminal at it’s height in the pre-recession boom. However, current estimates show that the Terminal can only be sold in its entirety for only $800 million to $1 billion; a fraction of it’s original cost.
This could be as a result of the reduction of volume in the Terminals post 2008-2009.

Read more about the story here:
Source:
http://www.joc.com/port-news/terminal-operators/maher-terminals/deutsche-bank-seeks-sell-maher-terminals_20140630.html

Posted in Commerce.