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China Merchants brings in investors to expand its Brazilian terminal

CHINA Merchants has sold a total of 22

China Merchants brings in investors to expand its Brazilian terminal

CHINA Merchants has sold a total of 22

21 January 2020 - 19:00

CHINA Merchants has sold a total of 22.55 per cent equity interest of its TCP container terminal in Brazil to China Portugal Cooperation Development Fund and China-LAC Cooperation Fund. The company believes the new investors will help it launch more infrastructure projects in the region.

China Portugal Cooperation Development Fund and China-LAC Cooperation Fund is led by China Development Bank and China Exim Bank respectively, reported Singapore's Splash 247.



China Merchants acquired 90 per cent equity interest of TCP container terminal in 2017.



TCP container terminal is the second largest facility of its kind in Brazil with a capacity of 2.4 million TEU.


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