Hong Kong Group shares Belgian wharf company

According to the Xinhua News Agency, Shanghai, May 28, Shanghai International Port Group announced yesterday that the Hong Kong Group had acquired a 25% per cent stake in the Zeebrugge company of the Belgian APM terminal, becoming the second largest shareholder of the terminal company, with an acquisition amount of € 27.16 million.　　This is a substantive first step towards the internationalization strategy of the Hong Kong group. In the project, the Hong Kong group acquired a 25% per cent stake in Zeebrugge Wharf and became the second largest shareholder of the wharf company.　　At the same time, the Hong Kong group will be stationed at the terminal company, including deputy general Manager and other senior management staff, and actually participate in the day-to-day operation of the terminal company. APM Terminals holds a 75% per cent stake in the Zeebrugge Dock Company.　　APM Wharf is the world's leading container terminal company, its global terminal network consists of more than 50 terminals, employs more than 18,000 people, distributed in 34 countries around the world.　　It is reported that the Hong Kong Group and APM Terminal Company has many years of good cooperation experience, both sides in 2002 jointly formed Shanghai Hudong Container Terminals Co. The completion of the cooperation project between the Hong Kong group and the Belgian Zeebrugge Wharf Corporation is a substantive first step towards the internationalization strategy of the Hong Kong group.　　"Mr Chen, president of the Hong Kong group, said that the project was the first overseas investment project of the mainland port, and that the Hong Kong group would carefully study the operation experience of APM Wharf Company through this cooperation and continue to expand the cooperation space between the two sides. APM Terminals is an independent terminal operator of the Danish A.P Muller-Maersk Group.　　APM Terminals, the relevant head of the company, said that APM is looking to become a true global partner with the Hong Kong group, on the one hand, the successful experience of the Hong Kong group into the Zeebrugge Pier, on the other hand, to attract more customers to enable the pier to achieve greater development. It is reported that Zeebrugge port is located in Belgium, one of the 4 deepwater ports on the coast of Continental Europe, the largest gas transshipment port and liquefied gas port in Europe, and the sixth largest container port in Europe. Zeebrugge Wharf Company for Zeebrugge Port, one of the container terminals, the terminal water depth-15.2 meters, shoreline length of 900 meters, yard area of 450,000 square meters, equipped with 7 Super Panamanian Bridge Crane, design capacity of 850,000 teu/years.