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Caixin Global
Caixin Global
Business
Wang Lingbo, Li Rongqian and Denise Jia

BIZARRE: Cosco s egypt terminal project enters antitrust review - You Need To See This

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What’s new: State-owned China Cosco Shipping Corp. Ltd.’s investment in a new container terminal in Egypt entered the antitrust review phase, a disclosure by China’s market regulator showed.

The shipping giant’s unit Cosco Shipping Ports Ltd. established a joint venture with the European unit of Hong Kong rival Hutchison Ports and a port unit of French shipping power CMA CGM S.A., the antitrust enforcement department of China’s State Administration for Market Regulation (SAMR) disclosed Sunday in a statement.

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