Shanghai International Port to buy stake in Belgium port
Shanghai International Port (Group) will spend US$33.3 million buying a 25 percent stake in APM Terminals' Zeebrugge Port in Belgium from Maersk Group as part of a planned global expansion, SinoCast reported.
Shanghai International Port is expected to become the second-biggest shareholder of APM Terminals Zeebrugge after the deal.
The Zeebrugge terminal, positioned as a portal to container terminals in Europe, is expected to grow into one of the major terminals in the continent in the future, according to Chen Wuyuan, president for Shanghai International Port.
Shanghai International Port is expected to become the second-biggest shareholder of APM Terminals Zeebrugge after the deal.
The Zeebrugge terminal, positioned as a portal to container terminals in Europe, is expected to grow into one of the major terminals in the continent in the future, according to Chen Wuyuan, president for Shanghai International Port.