China Narrows in on Turkish Port
Posted on 09/16/2015
The Chinese government is keen on investing in infrastructure that will connect Europe to Asia. Two major Chinese port companies, Hong Kong-based China Merchants Group and China Ocean Shipping Company (COSCO Group) have acquired a controlling stake in Turkey’s largest private port, Kumport. Backing the deal is the China Investment Corporation (CIC). Kumport was privatized […]
