Tuesday, January 25, 2011

Chinese group Hutchison Whampoa increases participation in TerCat

From http://www.expansion.com/2011/01/16/catalunya/1295204423.html (in Spanish)

Chinese group Hutchison Whampoa Limited has increased its participation in the shipping & logistics company Terminal Catalunya S.A. (TerCat) up to 90% of its shareholding. TerCat holds the concession by the Barcelona Port Authority to operate the Prat pier container terminal, at the port of Barcelona. Through Hutchison Port Holdings (HPH), the world's leading port investor, developer and operator and subsidiary of the multinational conglomerate Hutchison Whampoa Limited, the investment in infrastructure is estimated at 515 million euros. The enlargement of these facilities will allow the management of 5 million containers per year by 2012, as compared to the present number of 2 million containers/year.

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