Caixin
Sep 18, 2015 07:22 PM

Chinese Group Buys Controlling Stake in Turkish Container Terminal

(Beijing) – A consortium of state-owned enterprises has taken a controlling stake in a container terminal in Turkey for about US$ 940 million, one of the firms said on September 17, as one executive involved the deal linked it to China's "belt and road" plans.

A subsidiary of the shipping company China Ocean Shipping Co. (COSCO) called COSCO Pacific Ltd.; the shipping firm China Merchants Holdings (International) Co. Ltd.; and CIC Capital Corp., a subsidiary of the state investment firm China Investment Corp., said they made the purchase.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code