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Cosco's stake in Italian terminal to secure contracts for APM Terminals

Originally, China's Cosco was not meant to have a big owner's share of APM Terminals' new, large container terminal in Italy. But without the deal, it was not certain that the company would have become a customer, says the latter's CEO Morten Engelstoft, who expects more similar deals.

APM Terminals CEO, Morten Engelstoft, (number two from the right in the front row) helped inaugurate the Vado Lugire terminal in Italy. Photo: PR-FOTO

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