Maersk Says to Sign USD500 ln China Port Deal Soon
OREANDA-NEWS. June 19, 2012. APM Terminals, the ports arm of Danish shipping and oil group A.P. Moller-Maersk , expects to sign a more than 3 billion Danish crowns (USD 502.82 million) investment deal on a new container terminal in China, a company spokesman said.
Further information about the partnership and location will be released on Friday during a visit to Denmark by Chinese President Hu Jintao, Maersk spokesman Michael Storgaard said on commercial broadcaster TV2 News.
"We expect to sign a deal regarding an investment of over 3 billion crowns in a new port in China," he said.
China's Hu will visit Denmark on June 14-16, and a number of large business deals are expected to be signed in this connection.
Danish brewer Carlsberg said it would sign a deal to build a large brewery in the Chinese province of Yunnan at a total investment of 4 billion Danish crowns.