COSCO Subsidiary Gets One-Third of Container Terminal Firm in Netherlands

(Shanghai) – A subsidiary of state-owned China COSCO Shipping Corp. Ltd. has paid some 930 million yuan to acquire over one-third of a container terminal operator in the Netherlands in its latest push to expand overseas.

COSCO Pacific Ltd. said in a statement on May 11 that it had reached a deal with ECT Participations B.V. to buy 35 percent of Euromax Terminal Rotterdam BV for 125 million euros.