Independent journal on economy and transport policy
08:16 GMT+1
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COSCO Shipping Ports will obtain the entire control of the container Zeebrugge terminal Terminal of the port of Zeebrugge
the Chinese group will find the quotas compatriot SIPG and Dutch APM Terminals
September 11, 2017
shipowning group Chinese COSCO Shipping is ulteriorly widening own presence in the European harbour market in which it is present through branch terminalista COSCO Shipping Ports. After to have signed two months ago an agreement in order to acquire the control of the terminalista group Spanish Noatum(of the 12 june 2017), today China Shipping Ports Development Co. (CSPD), society integrally controlled from COSCO Shipping Ports, has undersigned a binding agreement with Dutch APM Terminals, that it is the terminalista society of shipowning group Danish A.P. Møller-Mærsk, in order to buy 76% approximately of the capital of the APM Terminals Zeebrugge, company that manages the container Zeebrugge terminal Terminal in the Belgian port of Zeebrugge.
the maximum rating of the acquisition will pile to 35 million euros, of which 28 million euros in order to buy the share quota and the remaining figure in order to refund loans contracted from APM Terminals Zeebrugge in it confronts of shareholder APM Terminals.
the transaction, than second the forecasts will be capacity to term within next 30 November, will allow with the Chinese terminalista group to become only shareholder of the Belgian enterprise, of which it stops already 24% approximately of the capital(of 14 March 2013). The understanding previews in fact that APM Terminals, than currently stops 51% of the capital of APM Terminals Zeebrugge, before to conclude the transaction with COSCO Shipping Ports acquires 25% of the capital of the Belgian terminalista company that is of property of the Shanghai International Port (Group) Co. (SIPG).
To conclusion of the operation the Zeebrugge Terminal will become the first terminal in Europe northwest atlantic controlled from COSCO Shipping Ports. Currently, in fact, in the region the Chinese terminalista group is present only through a participation of 20% in the container Antwerp terminal Terminal of the port of Antwerp.
"our decision to sell - Wim Lagaay has explained, in charge of APM Terminals for the United States and Europe - reflects our strategy that it previews to focus to us in the long term on the primary assets".
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shipowning group Chinese COSCO Shipping is ulteriorly widening own presence in the European harbour market in which it is present through branch terminalista COSCO Shipping Ports. After to have signed two months ago an agreement in order to acquire the control of the terminalista group Spanish Noatum
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
