Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

China Merchants buys into Lagos container terminal

China Merchants buys into Lagos container terminal

Hong Kong: China Merchants Holdings International has agreed to form a joint venture that will buy a 47.5% stake in Lagos's Tin Can Island Container Terminal in Nigeria from Israel's Zim Integrated Shipping for $154 million, reports Reuters.
China Merchants will own 60% of the venture, with China-Africa Development Fund (CADF) taking a 40% stake after obtaining approval from Chinese regulators, the Chinese port operator said in a statement.
China Development Bank owns CADF, a fund which supports Chinese enterprises in their investment in Africa.  [09/11/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.