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Cosco Shipping earmarks USD 3 billion for port investments

Chinese shipping conglomerate Cosco Shipping has earmarked almost USD 3 billion for port investments in countries such as China and Spain, report several media.

Photo: AP/Polfoto/Arkiv
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China's Cosco Shipping is prepared to invest almost USD 3 billion in ports in countries including China and Spain, report several media.

The investments will include a large stake in Shanghai International Port Group, and a significant part of the budget will also be used for an investment of USD 228.4 million in Spanish port Noatum.

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