Scenarios of PIL’s possible acquisition by COSCO have raised again, after Singamas’s sale of its largest container manufacturing factories to the Chinese giant. PIL’s 41% owned subsidiary Singamas took the crucial decision and all eyes are again on the Singapore-based carrier.
It’s not the first time that the two companies – COSCO and PIL – are involved in that kind of rumors.
As the relations between the two companies are warm enough, COSCO is considered to be the front-runner, in case of PIL...
https://container-news.com/cosco-pil-become-family-or-remain-friends/