Thecompany announced a strategic partnership with Hutchison Port Holdings Trust andChina Shipping Terminal Development (CSTD), which has acquired 20%.
Hutchisonretains the other 40%.
CoscoPacific’s buy cost it HKD 1.65bn ($212.65m).
ACTH owns and operates Container Terminal 8 West inHong Kong.
Cosco Pacific managing director Wang Xingru said: “Ourinvestment in ACT will enhance our terminal profitability and furtherstrengthen our presence in Hong Kong which is one of the major gateways toSouth China.”
ACT
