Cosco Shipping Ports Limited, a leading ports operator, is pleased to announce that, based on the good business relationship between the Company and Silk Road Fund, as well as the professional knowledge and advantages of both parties, and leveraging on the strategic cooperative partnership between the Company and Silk Road Fund to invest in port assets and related upstream and downstream businesses to achieve win-win situation and sharing, the Company established a wholly-owned subsidiary Navigator Investco Limited in Hong Kong in July 2019 as an investment platform for the Company and Silk Road Fund.
Currently, the Company and TRD Investco Limited (a wholly-owned subsidiary of Silk Road Fund) hold 51% and 49% of the equity in Navigator Investco, respectively. Navigator Investco became an indirect 40.797% shareholder of CSP Abu Dhabi Terminal through its holding in Cosco Shipping Ports (Abu Dhabi) Limited. Meanwhile, the Company and Navigator Investco entered into an agreement today pursuant to which the Company will sell all the shares of Cosco Shipping Ports (Rotterdam) Limited to Navigator Investco.
The Rotterdam company is a wholly-owned subsidiary of the company and a 35% shareholder of Euromax Terminal. After the transaction is completed, Navigator Investco will become an indirect shareholder of Euromax Terminal with 35% stake through the Rotterdam company.
Cosco Shipping Ports is committed to the establishment of global terminal network. The cooperation with Silk Road Fund will maximize the advantages of the integration of the industry and finance. It is expected that the parties will continue to deepen cooperation in the future, conduct capital operations regarding the ports business, and explore multi-path integration solutions of industry and finance, in order to achieve mutual benefits and win-win results.
For more information: ports.coscoshipping.com