Here are the details behind China's mega-merger

The merger between China's two largest state-owned conglomerates covers both container, tanker, dry bulk and ports, according to details. Meanwhile, the companies' shares have dropped significantly.
Photo: PR-foto
Photo: PR-foto
BY KATRINE GRØNVALD RAUN

The upcoming large-scale merger between the two Chinese shipping conglomerates China Ocean Shipping Group (Cosco) and China Shipping Group (CSG) will involve a combination of a several of the two state-owned groups' business units. The container units, which have been subject to most of the attention, are not the only business involved in the merger, as the transaction also covers tanker and bulker, according to a plan for the reconfiguration submitted by the two companies to the stock exchanges in Shanghai and Hong Kong.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading