Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports
Employees work on a Cosco Shipping container ship at the Jinglu shipyard in Yantai · Reuters
(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.
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