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China Merchants Port Holdings Co Ltd (0144.HK)

0144.HK on Hong Kong Stock

20.85HKD
23 Nov 2017
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Mon, Sep 4 2017

China Merchants buys control of Brazil's most profitable port

HONG KONG/SAO PAULO China Merchants Port Holdings Co Ltd agreed to buy 90 percent of TCP Participações SA, Brazil's most profitable port terminal, for about 2.9 billion reais ($924 million), a sign of growing interest in assets across Latin America's No. 1 economy.

UPDATE 1-China Merchants buys control of Brazil's most profitable port

HONG KONG/SAO PAULO, Sept 4 China Merchants Port Holdings Co Ltd agreed to buy 90 percent of TCP Participações SA, Brazil's most profitable port terminal, for about 2.9 billion reais ($924 million), a sign of growing interest in assets across Latin America's No. 1 economy.

China Merchants Port to buy 90 pct of Brazilian port operator for $924 mln

HONG KONG, Sept 4 China Merchants Port Holdings Co Ltd said on Monday it would buy 90 percent of Brazilian port facilities operator TCP Participações S.A. for HK$7.23 billion ($924 million), as it aims to expand into Latin America.

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