COSCO SHIPPING Ports has acquired 12.5% and 30% equity stakes in Thai Laemchabang Terminal (TLT) and Hutchison Laemchabang Terminal (HLT), respectively.
The signing ceremony took place in Vietnam on 23 October.
The consideration for the acquisition is approximately US$110 million, which includes Berth A2 in TLT, Berths A3, C1-C2 and D1-D3 in HLT, where D1-D3 is partly under construction. The total annual capacity will be about 6.7 million TEUs, once all the facilities are fully completed and...
https://container-news.com/cosco-invests-us110-million-in-thai-container-terminals/