This will be the Chinese company's first terminal investment in Europe and comes six months after it first expressed interest in taking a stake in terminal, according to local news reports.
APM Terminals, which currently has a 75% stake after selling a 25% stake to Shanghai International Port Group for 27.16m euros ($35.36m) in 2010, did not disclose the transaction price but added that it was looking to gain more Asian volumes from its partnership with an Asian carrrier.
The deal is expected to be closed by end-June. Zeebrugge terminal has two berths handling about 350,000 teu a year but has a capacity of one million teu.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.