COSCO to add OOIL
NewsChinese carrier to lead purchase of OOIL for US$6.3 billion, creating the world’s third largest carrier group in the process.
Hong Kong’s Orient Overseas International Ltd (OOIL) has sold its four container terminals in North America to Ontario Teachers’ Pension Plan (OTPP) of Canada for US$2.35B in cash. OTPP will also assume US$60M of the terminal division’s debt, OOIL said.
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