Independent journal on economy and transport policy
22:57 GMT+1
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To the COSCO Shipping 15% of the capital of the Shanghai International Port (Group) Co.
SIPG has signed a memorandum of understanding with the Harbour Authority of the Pireo
June 13, 2017
The Chinese shipowning group Lowers COSCO Shipping Corporatioin (COSCO Shipping) has signed an agreement with the public society Shanghai Tongsheng Investment (Group) Co. in order to acquire the entire participation from this prisoner in the Shanghai International Port (Group) Co. (SIPG), the society that manages the port of Shanghai and that he is the main Chinese harbour operator. The understanding previews that child's step of hand 3.476.051.198 sets in action of the SIPG, for a total pairs to 15.00% of the share capital and for total value almost 3,5 billion yuan (512 million dollars).
Moreover COSCO Shipping has undersigned an agreement with the municipal administration of Shanghai based on which they will cooperate in three main areas: the acceleration of the development of Shanghai which international center of the shipping, the performance of national initiatives in the within of the Chinese strategic program of the New via of the silk and the prosecuzione of the reform of the societies and the assets of governmental property.
At last the , that it is controlled by group COSCO Shipping. The understanding previews the collaboration and exchange of information in the fields of the planning and the formation of the staff and has the scope to create new business opportunity and to ulteriorly develop to the marine connections between the port of Shanghai and the Greek port.
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