Ceres Sold

Carrix has agreed to purchase the Ceres Terminals portfolio from Macquarie Asset Management. The deal includes 18 port locations in North America, but excludes assets in Jacksonville, which remain under the ownership of Macquarie. No financial terms have been revealed, although Macquarie was reportedly seeking US$1bn. The Ceres facilities will become part of Carrix’s subsidiary, SSA Marine, which operates at over 250 port and rail locations worldwide. The transaction remains subject to the approval of relevant regulatory authorities.