COSCO acquires stakes of 12.5% in TLT and 30% in HLT
NewsCOSCO SHIPPING Ports has acquired 12.5% and 30% stakes in Thai Laemchabang Terminal and Hutchison Laemchabang Terminal for US$ 110m.
Cosco Shipping Ports is being touted as the favourite for the award of a 50-year concession to operate the third container terminal at the Port of Algeciras, a tender for which was issued on 1 August.
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