China Merchants Holdings International Co News

China Merchants Holdings International (CMHI) has announced plans to invest in 10 overseas ports in regions that include Russia, West Africa and South East Asia. China Merchants Holdings International Co Ltd (CMHI), listed on the Hong Kong Stock Exchange, manages ports and manufactures containers. It is the largest public port operator in China in terms of container throughput, with a market share of roughly 33%. It is is looking for new investment opportunities in Southeast Asia, East and West Africa and Baltic Sea region and Russia. Bai Jingtao, Managing Director at CMHI, said: “It is important for the nation of China to build international connections so it can develop together with different countries.

China Merchants Holdings (International) Co. Ltd. along with Cosco Pacific Ltd., a unit of China Investment Corp. and Euro-Asia Oceangate will pay US$919.9 million to buy a 64.5% stake in Fina Liman from Fina Holding. Fina Liman is an investment-holding company that owns and operates a port terminal in Turkey. The acquisition gives the consortium access to the terminal of Fina’s subsidiary Kumport. Kumport Terminal is a modern container terminal in the Ambarli Port Complex, which is on the northwest coast of the Marmara Sea on the European side of Istanbul, Turkey. The Company, CMHI and CIC Capital, through their respective wholly-owned subsidiaries, hold 40%, 40% and 20%, respectively, of the shares in the Consortium SPV.

"World Shipping (China) Summit 2013" held in Ningbo, focused on the theme 'Responding to New Realities' with Hong Kong-based terminal & shipping group China Merchants Holdings International Co. (CMHI) acting as its special sponsor in conjunction with COSCO. The summit, whose members were not precisely identified in news released of the meeting, addressed special concerns on the impact caused by China's economic restructure of the shipping industry, and considered: "China Factor" Evolution [sic]…