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Top Chinese consortium to pay USD1.5b for Turkish port
(MENAFN) Major Chinese port companies are seeking to purchase Turkey's largest private port, Kumport, according to acquired data.
These firms are offering to pay USD1.5 billion, and they are waiting for approval from Oman State Fund, which owns 35 percent of the port.
The Chinese firms include China Merchants and ChinaOcean Shipping Company (COSCO), plus the China Investment Corp.
Kumport, located on the European side of Istanbul, succeeded in growing container shipping volume by 23 percent in 2007-13 to become the third largest port in Turkey.
These firms are offering to pay USD1.5 billion, and they are waiting for approval from Oman State Fund, which owns 35 percent of the port.
The Chinese firms include China Merchants and ChinaOcean Shipping Company (COSCO), plus the China Investment Corp.
Kumport, located on the European side of Istanbul, succeeded in growing container shipping volume by 23 percent in 2007-13 to become the third largest port in Turkey.
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