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Noatum's flagship Valencia facility
Cosco Shipping Ports (CSP) today announced it is to buy a 51% stake in Noatum Port Holdings (NPH) – and there are rumours of further major acquisitions, possibly a shipping line.
The NPH deal, worth €203m, will give CSP access to the container terminals at the ports of Valencia (pictured) and Bilbao, as well as the Conterail Madrid and NRTZ Zaragoza rail terminals.
In a statement, Hong Kong-based terminal operator CSP said the agreement would further its efforts in extending its European network.
It said: “[The ...
Comment on this article
Joe Rabbit
June 13, 2017 at 4:01 pmLet’s wait MSC’s next movement. I believe that this move is much more important for Valencia than that COSCO acquisition.