(Reuters) -China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the Financial Times reported on Friday. Reuters could not immediately verify the […]
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Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports
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(Reuters) -China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the Financial Times reported on Friday.
Reuters could not immediately verify the report.
(Reporting by Surbhi Misra in Bengaluru; Editing by Rashmi Aich)