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

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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, ...

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    Antitrust Investigations CFIUS China Cosco OOCL Port of Long Beach Takeover Talk

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