COSCO ac­quires stake in Italy’s Vado

China Daily (USA) - - BUSINESS -

COSCO Ship­ping Ports Ltd an­nounced on Tues­day that its sub­sidiary has ac­quired a 40-per­cent stake in Italy’s VadoHold­ing BV fromMaersk Group’s APM Ter­mi­nal for 53 mil­lion eu­ros ($58.3 mil­lion).

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