ZIM sells container terminal in Nigeria

ZIM has announced that it has signed a deal that will yield US$154 million in cash, and a gross profit of US$120 million. ZIM will sell its stake (47.5 percent) in TICT (Tin-Can Container Terminal), the second largest container terminal in Nigeria, as well as sign a ten-year agreement with the terminal for vessels’ calls in Lagos and sell additional rights in connection with the asset.