Cosco acquires stake in Turkish port through joint venture

A Chinese partnership that includes Cosco Pacific is now expanding in Europe by acquiring a stake in Turkey's Kumport Terminal.
Photo: Århus Havn
Photo: Århus Havn

Through company Euro-Asia Oceangate, Chinese terminal operator Cosco Pacific has joined forces with China Merchants Holdings International (CMHI) and CIC Capital to acquire a stake in Turkish Kumport Terminal, the third-largest container terminal in Turkey, reports Seatrade Maritime.

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