Independent journal on economy and transport policy
07:25 GMT+1
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Chinese COSCO Pacific disembarks in the port of Rotterdam acquiring 35% of Euromax Rotterdam Terminal
the transaction has a value of 125,43 million euros
May 12, 2016
Terminalista group COSCO Pacific, that public Chinese takes part of the shipowning group Lowers COSCO Shipping Corporation (COSCOCS) been born at the beginning of this year from the fusion of the activities of groups COSCO and Lowers Shipping, will buy 35% of the capital of the terminalista society Euromax Rotterdam Terminal that will be yielded by the terminalista company Dutch Europe Container Terminals (ECT). This last one, to which it will remain the remaining property of 75% of the capital of Euromax, takes part of the terminalista group Chinese Hutchison Port Holdings (HPH).
Euromax Rotterdam Terminal manages one of the five terminals for containers in the Maasvlakte area of the port of Rotterdam. The terminal of Euromax has a annual ability to containerized trade pairs to about 2,55 million teu (that it will go up to 3,2 million with the completion of the second phase of the construction project) and last year has enlivened a traffic of 2,28 million teu.
The value of the transaction piles altogether to 125,43 million euros and relatively includes 41,43 million dollars for the acquisition of 35% of the capital of Euromax and 84 million euros to 35% of a loan of 240 million euros that Euromax will have to reimburse to ECT.
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Terminalista group COSCO Pacific, that public Chinese takes part of the shipowning group Lowers COSCO Shipping Corporation (COSCOCS) been born at the beginning of this year from the fusion of the activities of groups COSCO and Lowers Shipping, will buy 35% of the capital of the terminalista society Euromax Rotterdam Terminal that will be yielded by the terminalista company Dutch Europe Container Terminals (ECT). This last one, to which it will remain the remaining property of 75% of the capital of Euromax, takes part of the terminalista group Chinese Hutchison Port Holdings (HPH).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
