Ports

Cosco acquires majority equity position in Peruvian port

Cosco Shipping Ports has just entered an agreement to take over 60 percent of a Peruvian port operator's equity for a triple-digit million US dollar figure. The acquisition is part of a plan to build up a global network of terminals, Cosco informs.
Photo: PR-foto/APM Terminals
Photo: PR-foto/APM Terminals
by SØREN PICO

Chinese Cosco Shipping Ports has just struck an agreement to take over a majority equity share of a terminal in Peru.

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