Greater ChinaPorts and Logistics

China Merchants Port Holdings acquires major stake in Zhongshan Port

China Merchants Port Holdings subsidiary Shenzhen Chiwan Wharf Holdings has entered into an agreement to acquire 51% equity interest in Zhongshan Port & Shipping Enterprise Group from Zhongshan Zhonghang Investment Development for RMB484.5m ($74m).

Zhongshan Port & Shipping currently operates port zones in Zhongshan Port, Xiaolan Port and Shenwan Port in the Pearl River Delta region with a total of 23 berths in operation.

China Merchants believes the acquisition wil further strengthen the group’s port network and synergy of port resources in the Peal River Delta region.

Earlier this month, China Merchants also purchased a 90% stake in Brzilian container terminal operator TCP Participacoes for $924m.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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