{"id":5916,"date":"2020-03-09T07:56:33","date_gmt":"2020-03-09T04:56:33","guid":{"rendered":"https:\/\/www.al-sindbad.net\/china-merchants-sells-stake-in-brazilian-terminal-to-state-funds\/5916\/"},"modified":"2020-03-09T07:56:33","modified_gmt":"2020-03-09T04:56:33","slug":"china-merchants-sells-stake-in-brazilian-terminal-to-state-funds","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/china-merchants-sells-stake-in-brazilian-terminal-to-state-funds\/5916\/","title":{"rendered":"China Merchants sells stake in Brazilian terminal to state funds"},"content":{"rendered":"<p><\/p>\n<p>China Merchants has brought in two strategic investors for its TCP container terminal in Brazil through the selling of stakes in the terminal to two state-backed funds.<\/p>\n<p><\/p>\n<p>Under an agreement signed on Thursday, China Merchants Port Holdings sold a total of 22.55% equity interest of TCP to China Portugal Cooperation Development Fund and China-LAC Cooperation Fund.<\/p>\n<p><\/p>\n<p>China Portugal Cooperation Development Fund and China-LAC Cooperation Fund is led by China Development Bank and China Exim Bank respectively.<\/p>\n<p><\/p>\n<p>China Merchants acquired 90% equity interest of TCP container terminal in 2017, and it believes the new investors will help the company expand more infrastructure projects in the region.<\/p>\n<p><\/p>\n<p>TCP container terminal is the second largest container terminal in Brazil with an designed capacity of 2.4m teu.<\/p>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Merchants has brought in two strategic investors for its TCP container terminal in Brazil through the selling of stakes in the terminal to two state-backed funds. Under an agreement signed on Thursday, China Merchants Port Holdings sold a total of 22.55% equity interest of TCP to China Portugal Cooperation Development Fund and China-LAC Cooperation &hellip;<\/p>\n","protected":false},"author":1,"featured_media":5917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[984,95,1456,1476,1740,1254,1578,1256],"class_list":["post-5916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-port-news","tag-brazilian","tag-china","tag-funds","tag-merchants","tag-sells","tag-stake","tag-state","tag-terminal"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/5916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=5916"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/5916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/5917"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=5916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=5916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=5916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}