News / China Cosco and Qingdao buy Vado stakes as port sector M&A activity heats up

China Cosco Shipping Ports has invested €53m in APM Terminals’ Vado operation in return for a 40% stake, as merger and acquisition activity in the container terminal sector heats up.

The deal represents one of two Chinese investments in the Italian port, as APM Terminals announced that Hong Kong-based Qingdao Port International Development had purchased a 9.9% stake in the company.

The agreements include interests in both the reefer terminal – the largest refrigerated cargo facility in the Mediterranean – and the 800,000 teu deepwater facility under construction.

Drewry’s senior ...