News / China gives COSCO $6.3bn takeover of OOCL last-minute go-ahead

04/07/2018

China’s anti-monopoly bureau has given the green light to COSCO’s $6.3bn takeover of OOIL, including its container arm, OOCL.

The stock exchange eleventh-hour notification made no reference to the outstanding approval still required by US foreign investment regulators.

A joint statement from COSCO and OOIL advised that, ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber