Port of Cartagena, Colombia, operator Sociedad Portuaria Regional de Cartagena (SPRC) has acquired its local rival Contecar for a price understood to be around US$24 mill. The move will secure SPRC’s long-term future, with the addition of another 1000m of quay and 70 hectares of back-up area.
Contecar’s largest shareholder, Colombia’s National Coffee Federation, and minority partner, Grupo TMM, have been trying to sell the operation for the last two years and concentrate on their respective core businesses....
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This complete item is approximately 325 words in length, and appeared in the March 2005 issue of WorldCargo News, on page 10.
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