KPMG Abogados Valencia advises CSP on takeover

KPMG Abogados Valencia has advised the port operator Cosco Shipping Ports (CSP)

pjimage 4KPMG Abogados Valencia has advised CSP on the takeover of 51% of the Valencian company Logitren Ferroviaria, invested by Torrescámara and Ferrocarrils de la Generalitat Valenciana.

By this acquisition, CSP takes another step towards the development of its logistic-intermodal strategy in Spain.

Cosco Shipping Ports Limited is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of China Ocean Shipping (Group) Company (COSCO) and now part of its successor, China COSCO Shipping group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent from 2003 to 2014. COSCO Pacific also a red chip company so that it once considered as a purple chip company.

The legal team from KPMG Abogados was formed by Andrés Íñigo (pictured bottom right) as the firm’s Corporate and M&A Law Director in the regions of Valencia and Murcia, Jaime de la Rosa (pictured bottom left), Vanesa Aucejo (pictured top right) and Beltrán Romero (pictured top left).

Irina Wakstein