Shipping container suppliers dump China deal after US Justice Department steps in

Capt. John

The US Justice Department has stopped the sale of Maersk’s reefer manufacturing unit over fears it would give the Chinese too great a control of a strategic business. In September last year an agreement was reached to sell Maersk Container Industry to China International Marine Containers (CIMC) for $987.3m. However, after consideration the US Justice…

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Author: Ca...

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