U.S. Questions COSCO’s Takeover of Long Beach Terminal -Report

April 23, 2018

A U.S. national security review has raised concerns about a takeover by China’s COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday. The terminal is part of COSCO’s planned $6.3 billion deal to buy shipping firm Orient Overseas International Ltd (OOIL) , the Journal reported, citing people familiar with the matter.

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