Independent journal on economy and transport policy
06:27 GMT+1
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The income of Chinese group COSCO in the Spanish harbour market would be imminent
COSCO Shipping would have signed an agreement with JPMorgan in order to acquire a participation in the Noatum Ports
June 8, 2017
Shipowning group COSCO Shipping would have signed an agreement with the JPMorgan American in order to acquire a participation in the terminalista group Spanish Noatum Ports. It supports prints Spanish referring in particular to the advances of the daily paper on-line "El Confidencial", second which for the conclusion of the agreement - that already it would be defined by some months - they would remain to only complete some practical bureaucratic.
The understanding would presee the income of COSCO Shipping in the share capital of the Noatum Ports with a participation that would be yields of the acquisition of quotas that are under responsibility of JPMorgan and an injection of capital in the society in order to strengthen of the patrimonial state.
According to "El Confidencial", concluded the JPMorgan operation Turia Ports Investments Holdings would continue to stop a meaningful quota the capital of the Noatum Ports through the society Dutch vehicle who sees between its partner the J.P. Morgan Asset Management Infrastructure Investment Group and the pension fund Dutch Stichting Pensioenfonds ABP, both investor of the terminalista group harbour Spanish.
Noatum Ports work terminal in the ports of Barcelona, intermodal Bilbao, Las Palmas, Málaga, Sagunto, Santander and Valencia and terminals to Madrid and Saragozza. Last year the landings place managed from the group have enlivened a traffic of the container pairs to 4,4 million teu.
The income of the COSCO Shipping on the Spanish harbour scene, that it would happen through own branch terminalista COSCO Shipping Ports, would constitute the second presence of a Chinese operator in this market. In fact from the 2006 terminalista group Hutchison Port Holdings (HPH) of Hong Kong manages a container terminal in the port of Barcelona through the Terminal Catalunya (BEST Barcelona Europe South Terminal), joint venture between Hutchison Ports and the Spanish Grupo Mestre.
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Shipowning group COSCO Shipping would have signed an agreement with the JPMorgan American in order to acquire a participation in the terminalista group Spanish Noatum Ports. It supports prints Spanish referring in particular to the advances of the daily paper on-line "El Confidencial", second which for the conclusion of the agreement - that already it would be defined by some months - they would remain to only complete some practical bureaucratic.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
