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Cosco Shipping Ports unit enters into MOU with APM Terminals


Monday, 11 Sep 2017 04:49am EDT 

Sept 11 (Reuters) - Cosco Shipping Ports Ltd <1199.HK>:MOU in relation to sale & purchase of about 76 percent of issued share capital of APMTZ for EUR35.0 million .Proposed acquisition of interest in APM Terminals Zeebrugge NV.Unit entered into a legally binding MOU with APM Terminals.APM terminals will acquire from SIPG shares followed by sale of SIPG shares with shares held by APM terminals to CSPD.APM terminals informed company that its original acquisition costs of sales shares amount to about EUR89.8 million in total.