Chinese investors acquired 65% stake in Turkish port terminal for $940 million
A consortium of Chinese investors led by Cosco Holdings has acquired stake in Kumport Terminal, Turkey's third largest container terminal, for $940 million.
Located at a gateway to the Black Sea between Europe and Asia, the terminal has maintained a compound annual growth rate of around 30 percent in container volume over the past 5 years. The acquisition was made by a consortium of Chinese investors of Cosco Pacific, China Merchants Holdings and an affiliate with the China Investment Corporation.
To see a list of investors from China similar to Cosco Holdings, check the Chinese Investors Directory.
More details follows from China Daily
October 7, 2015 |
Filed under China Investment Corporation, China Merchants Holdings, China Private Equity, Cosco Holdings
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