Home World COSCO SHIPPING Ports and Silk Road Fund agree to establish cooperative strategic...

COSCO SHIPPING Ports and Silk Road Fund agree to establish cooperative strategic relationship

COSCO SHIPPING Ports Limited, the world’s leading ports operator, has announced 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, according to the company’s release.

COSCO SHIPPING 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, COSCO SHIPPING 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, COSCO SHIPPING 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. Rotterdam Company is a wholly-owned subsidiary of COSCO SHIPPING 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 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.