Cosco Shipping Ports buys into Guangxi container terminal

Cosco Shipping Ports has announced that subsidiary China Shipping Terminal Development has proposed to acquire a 26% equity interest in Guangxi Beibu Gulf Terminal, through the injection of its entire 40% equity interest in Guangxi Qinzhou Terminal into the latter and a cash consideration of RMB486.8m ($71.9m). Guangxi Beibu Gulf Terminal manages four container berths …

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