Independent journal on economy and transport policy
14:36 GMT+1
This page has been automatically translated by Original news
The Chineses Lower COSCO, CMHI and CIC Capitals obtain the control of the container Turkish terminal Kumport
Acquired a participation pairs to 65% with an investment of about 940 million dollars
September 17, 2015
The Chineses Lower COSCO Holdings Co., Lower Merchants Holdings (International) Co. (CMHI) and CIC Corporation Capitals, through three respective branches, have constituted joint venture in order to acquire a participation in the Turks Fina Liman Hizmetleri Lojistik and Kumport Liman Hizmetleri ve Lojistik. The first Turkish society is a holding ones whose only asset is the investment in the Kumport, than in its turn possesses and manages the container Kumport terminal Terminal in the port of Ambarli, on the coast northwest atlantic of the Sea of Marmara.
Joint venture formed from the three Chinese societies, called Euro-Asia Oceangate, is participated with 40% from COSCO Pacific, participated terminalista society with 44.5% from China COSCO, society of shipowning group Chinese COSCO, with 40% from Keen Charm Development Ltd, society integrally controlled from harbour group CMHI, and with 20% from Beijing Hanguang Investment Corporation (BHIC), society integrally controlled from CIC Capital, branch of China Investment Corporation (CIC), Chinese public society specialized in investments foreign countries.
Joint venture Chinese has agreed the acquisition of 64.522% of the capital stock of Fina Liman for 919,8 million dollars. Remaining 35.478% will remain in the hands of the lussemburgese Turkac, society that is under responsibility of Is General Reserve Fund, bottom of the Ministry of Finances of the Sultanate omani. Moreover joint venture has agreed the acquisition of 1.346% about of the capital of the Kumport for 20,3 million dollars, while remaining 98.654% about will remain to Fina Liman. The values of the two transactions could be subject to variations on the base of the determination of the debt situation of Fina Liman and Kumport and of the floating capital of Kumport
Kumport Terminal, that it has six docks for a total of 2.180 linear meters with depths of the -16,5% backdrop that are able to receive portacontainer of the ability to 18.000 teu, has a annual ability to containerized trade pairs to 1,84 million teu. The terminal can be object of widening until the attainment of a annual ability to traffic pairs to 3,5 million teu. Last year the Turkish terminal has enlivened a traffic of 1.414.000 teu, pairs to 17% of the containerized trade enlivened altogether from the Turkish ports, and in period 2009-2014 it has recorded a annual increase of the advanced traffic to 30%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Chineses Lower COSCO Holdings Co., Lower Merchants Holdings (International) Co. (CMHI) and CIC Corporation Capitals, through three respective branches, have constituted joint venture in order to acquire a participation in the Turks Fina Liman Hizmetleri Lojistik and Kumport Liman Hizmetleri ve Lojistik. The first Turkish society is a holding ones whose only asset is the investment in the Kumport, than in its turn possesses and manages the container Kumport terminal Terminal in the port of Ambarli, on the coast northwest atlantic of the Sea of Marmara.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
