Wednesday, 21 November 2018 10:30

OOIL gears up to sell Long Beach Terminal

537 OOIL Terminal


Hong Kong-listed Orient Overseas International (OOIL) is getting ready to start the sale process of its Long Beach container terminal on the US West Coast. The sale could be one of the largest terminal deals ever and is expected to attract mainly North American private equity, pensions funds and other financial investors. OOCL had agreed to sell the Long Beach terminal while the US governments Committee on Foreign Investment in the United States (CFIUS) was reviewing OOIL’s US$ 6.3 billion take over by COSCO Shipping Holdings earlier this year.

Read 546 times Last modified on Thursday, 22 November 2018 15:02
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