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Cosco buys several container factories from PIL

Cosco has bought several container factories from its smaller competitor PIL. Alphaliner sees the transaction as a possible sign of a coming sale of family-owned PIL.

Photo: Pacific International Lines

China's Cosco has bought several container factories from Pacific International Lines, PIL.

The transaction involves the three largest factories in China under company Singama, of which PIL owns 43 percent. The price lands at USD 565 million.

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