News / €125m Euromax deal buys Cosco Pacific a foothold in the port of Rotterdam

13/05/2016

Chinese container terminal operator Cosco Pacific is set for a presence at Rotterdam after agreeing to acquire a 35% in the port’s Euromax terminal from ECT-owner Hutchison Port Holdings.

In a statement to the Hong Kong Stock Exchange, Cosco Pacific, the Hong Kong-listed terminal operating unit of the newly merged Cosco and China Shipping COSCOCS, said it had signed a sale and purchase agreement with HPH’s Dutch subsidiary, ECT, to acquire the stake for €125m – €41m for the shares and €84m for 35% ...