Independent journal on economy and transport policy
20:45 GMT+1
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CMPort signs an agreement in order to buy 60% of the society that manages the Chinese port of Shantou
the fusion between Lowers Merchants Group and Sinotrans
April 11, 2017
Completed
China Merchants Port Development (Shenzhen) Co. (CMPDS), society integrally controlled from the Chinese terminalista group Lowers Merchants Port Holdings Co. (CMPort), has signed an agreement with the municipal administrator of Shantou and the Shantou Port Group Corp Co. (SPG) with the scope to acquire 60% of the capital of the SPG, the society that manages the port of Shantou. The quota will be yielded for 5,4 billion yuan (786 million dollars) and remaining 40% of the SPG will continue to being stopped from the communal administration of Shantou.
Currently SPG work 22 docks in the five harbour areas of Shantou where last year tons of goods and a traffic of the container are enlivened altogether 24,48 million that has been pairs to 1,16 million teu (+8.1% on 2015).
While is announced the completion of the fusion between the two great Chinese groups Sinotrans and China Merchants Group (CMG), to which the same CMPort is under responsibility, concentration that was announced to end 2015(of 30 December 2015).
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China Merchants Port Development (Shenzhen) Co. (CMPDS), society integrally controlled from the Chinese terminalista group Lowers Merchants Port Holdings Co. (CMPort), has signed an agreement with the municipal administrator of Shantou and the Shantou Port Group Corp Co. (SPG) with the scope to acquire 60% of the capital of the SPG, the society that manages the port of Shantou. The quota will be yielded for 5,4 billion yuan (786 million dollars) and remaining 40% of the SPG will continue to being stopped from the communal administration of Shantou.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
