Brief: RSGT Announces Public Investment Fund, COSCO SHIPPING Ports Ltd Becoming Shareholders

COSCO SHIPPING Ports

09/02/2021 11:37

Feb 9 (Reuters) - COSCO SHIPPING Ports Ltd  1199.HK :
    * RSGT ANNOUNCES PUBLIC INVESTMENT FUND AND COSCO SHIPPING
PORTS
LIMITED BECOMING SHAREHOLDERS
    * RSGT - SEPARATE SHARE PURCHASE AGREEMENTS WITH PIF AND
WITH CSPL
FOR SALE OF 40% EQUITY INTEREST IN CO FOR SAR 1,050 MILLION /
USD 280 MILLION
    * RSGT - TWO TRANSACTIONS IMPLY AN ENTERPRISE VALUE FOR RSGT
OF
SAR 3,300 MILLION / USD 880 MILLION
    * RSGT - FOUNDING SHAREHOLDERS WILL RETAIN REMAINING 60%
SHAREHOLDING IN RSGT
    * RSGT - WILL REMAIN AN INDEPENDENT TERMINAL OPERATOR

Source text for Eikon:  ID:nPn4bWlWra 
Further company coverage:  1199.HK 

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