Port News & Information Mediterranean, Black & Caspian Seas

CNMC authorizes Cosco Shipping taking control of Noatum Ports

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Madrid, Spain (Ports Europe) September 3, 2017 – La Comisión Nacional de los Mercados y la Competencia (CNMC) has authorized the takeover of Noatum Ports by the Chinese Cosco shipping group, which will now officially acquire a 51% stake in the Spanish company for €203.49 million ($228.35 million). Under the deal, the Chinese conglomerate becomes the main…

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