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Asia Pacific China Ports and Logistics

Guangzhou to acquire nearby port as consolidation moves gain pace

Guangzhou Port Co is to buy a majority stake in the adjacent Zhongshan Port & Shipping Enterprise Group. The move signals that an earlier government plan to integrate the local ports industry is moving forward

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Guangzhou Port Co plans to pay Yuan503.8m ($72.4m) for a 52.5% stake, representing a more than 300% premium over ZPSEG’s book value

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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