Cosco Pacific is paying Yuan 168.22 mill (US$20 mill) for a 20 per cent stake in a container terminal at the Yangtze River Delta port of Nanjing.
Under the agreement signed last month, Cosco Pacific will manage and operate Phase I of Nanjing Longtan Terminal (NLT), which is already operational. Other shareholders in the Yuan820 mill joint venture are state-owned Nanjing Port Authority and its subsidiary Nanjing Port Co, Shanghai Port Container Co and its subsidiary Shanghai Port Container (Macau) Co....
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This complete item is approximately 360 words in length, and appeared in the June 2005 issue of WorldCargo News, on page 9.
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