COSCO
Chinese state-run logistics firm Cosco Shipping has been granted approval for the US$6.3 billion takeover of competitor Orient Overseas International from US regulators, the Wall Street Journal reported. The green light from US Committee on Foreign Investment, or Cfius, was the last hurdle for the deal announced one year ago. Cosco had already been approved […]
On Monday, October 23, COSCO Shipping and Orient Overseas released a joint statement claiming that US regulators have found no antitrust violations with the proposed merger of the two companies. The applicable period for US antitrust regulators to dispute or raise concerns with the proposed merger offer have expired, meaning that this precondition of the […]
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