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Cosco Shipping takes 20% stake in Jeddah terminal operator

Red Sea Gateway Terminal signs separate share purchase agreements with Saudi Arabia’s Public Investment Fund and with Cosco Shipping Ports for the sale of a 20% equity interest to each

Cosco Shipping Ports Limited and Saudi Arabia’s Public Investment Fund will each take a 20% equity stake in Jeddah’s Red Sea Gateway Terminal in separate agreements totalling $280m

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