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CMPort to buy 90% stake in Brazil's TCP for $923m

2017-09-05 01:00:00| Ship Technology

China Merchants Port Holdings Company (CMPort), via its wholly owned Kong Rise Development, has signed a share purchase agreement with TCP Participaçes (TCP) to purchase 90% stake in Brazil's Port of Paranaguá for a sum of roughly HK$7.2bn ($923m).

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