“Fresh liquidity“ for ZIM from sale of TICT shares
Chinese investors buy shares of the Tin-Can Container Terminal in Lagos (Nigeria) from ZIM shipping company
Since last weekend the advance of Chinese investors on the African continent has become richer by a facet. The Israel shipping company ZIM sells its stake (47.5 per cent) in TICT (“Tin-Can Container Terminal”) in Lagos (Nigeria) to a joint venture formed between China Merchants and China-Africa Development. ZIM will gain liquid means of around USD 154 million by this transaction. The container vessels of the company will call the TICT facilities in the next ten years without any changes. Tin-Can Container Terminal in Lagos is the second largest port area for container shipping in Nigeria. The facility, previously operated by ZIM and the French Bollore Group, which will remain a shareholder, offers three berths, with a capacity of around 360,000 TEU per year. A fourth one presently being upgraded, when completed, will increase the terminal capacity to about 400,000 TEU. With China Merchants the TICT wins one of the largest operators of container terminals in China as a shareholder. Quelle: LogEastics |