Hong Kong-headquartered port operator Hutchison is set to consolidate control of the container facilities on Rotterdam’s Maasvlakte Delta site by agreeing to acquire the APM Terminals facility at the port.
The two companies have signed a letter of intent that will see ownership of APM Terminals’ Rotterdam transferred to Hutchison’s Netherlands subsidiary, ECT.
In a statement, Maersk subsidiary APM Terminals said the deal needed to be ratified by competition authorities and local …

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Source: The Loadstar