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.

SIPG makes first overseas investment

SIPG makes first overseas investment

Shanghai: Shanghai International Port (Group) invested 27.16 million euros on May 28 to acquire a 25 percent stake in Belgium's Zeebrugge terminal, becoming the second largest shareholder of the terminal, reports China Securities Journal.
Prior to the transaction, Zeebrugge port is wholly-owned by Maersk's APM Terminals.
SIPG was in talks with Maersk in September 2006 to purchase a 40 percent stake in Zeebrugge port for 45 million euros. The transaction failed to materialize due to the financial crisis. [01/06/10]

Hide comments
account-default-image

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.
Publish