COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP” or “Company”), a leading ports operator in the world, announced that the Company will establish its first greenfield subsidiary in South America by acquiring 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A., (“Volcan”) for a total consideration of US$225million, with an initial payment of US$56million.
Image Credit: irasia.com
At a signing ceremony held today at Davos, Switzerland,...
https://www.marineinsight.com/shipping-news/cosco-shipping-ports-takes-60-stake-in-chancay-terminal/