Subscribe to RSS feedHutchison sees synergies in double Dutch deal
by
Obsidian
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last modified
Jan 08, 2009 12:00 AM
Hong Kong terminal operator Hutchison Port Holdings has tightened its grip on the Dutch waterfront by acquiring a majority stake in Amsterdam's Ceres Container Terminals Europe.
It has signed a share swap agreement with Japanese shipping group NYK, which gained full control of the Ceres facility since 2006 after holding a 50% interest since 2002.
NYK will retain a small stake in Ceres, and will also...
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