COSCO acquires Spanish port company

By Agencies Source:Global Times Published: 2017/6/12 23:18:40

COSCO Shipping Ports (Spain), a wholly owned subsidiary of COSCO Shipping Ports, acquired a 51 percent stake in Spain's Noatum Port Holdings, COSCO Shipping Holdings Co said in an announcement posted on the website of Shanghai Stock Exchange on Monday.

Noatum Ports operates ports and terminals in Spain and internationally.

The deal is worth around 200 million euros ($224 million), according to the announcement.

Posted in: COMPANIES

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