Brazil and Netherlands forge cooperation on green ports
NewsThe Netherlands and Brazil ink cooperation deal on green port development.
COSCO Pacific acquires 35% of Euromax
Europe Container Terminals forms strategic alliance with COSCO Pacific in Euromax Rotterdam
Europe Container Terminals (ECT) sold a 35% stake in its Euromax Terminal Rotterdam to COSCO Ports (Rotterdam) Limited, a wholly-owned subsidiary of COSCO Pacific Limited. ECT has confirmed that the sale is worth US$143M.
''This strategic partnership is beneficial for both parties, giving ECT the possibilities to better serve COSCO CS (China COSCO Shipping Corporation Limited) and its alliance partners and COSCO Pacific a strong presence at the Port of Rotterdam,'' stated ECT.
Euromax Terminal has been operational since 2010. It is a modern, automated container handling facility. In the early days of Euromax, the then CKYH alliance was close to buying a 49% stake, but the deal fell through.
COSCO is prohibited from on selling the terminal for five years without offering ECT first refusal.
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