China Shipping invests in APMT Zeebrugge

Friday, March 15, 2013

China Shipping Terminal has signed a memorandum of understanding with to purchase a 24-percent share of APM Terminals Zeebrugge. The transaction is scheduled to be finalized by the end of June 2013. APM Terminals currently holds a 75-percent majority share in APM Terminals Zeebrugge N.V., with the Shanghai International Port Group (SIPG) having acquired a 25 percent share in the facility in 2010. Shanghai-based China Shipping Container Lines, es...

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