{"id":7861,"date":"2010-02-04T12:24:00","date_gmt":"2010-02-04T12:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2010\/02\/04\/acs-sells-overseas-stakes-to-local-partners\/"},"modified":"2010-02-04T12:24:00","modified_gmt":"2010-02-04T12:24:00","slug":"acs-sells-overseas-stakes-to-local-partners","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/europe\/acs-sells-overseas-stakes-to-local-partners\/","title":{"rendered":"ACS sells overseas stakes to local partners"},"content":{"rendered":"<p>In all, the company holds stakes in six terminals in Chile, the Dominican Republic, Brazil, India, Portugal and China. Of these, it intends to retain the 52% stake it holds in the Chinese company Jintang International Container, given a much wider interest it has in participating in future motorway contracts in the country.<\/p>\n<p>In Chile, Brazil and India, it has reached agreement on the selling price and is in the process of disposing of its assets.<\/p>\n<p>In Chile, it holds a 40% stake in Iquique Terminal Internacional and in Brazil one of 50% in Terminal Santa Catarina, the latter costing it \u00a225.5m ($36.7m) in 2006.<\/p>\n<p>In India, it holds half the equity in Indira Container Terminal in Mumbai.<\/p>\n<p>Negotiations to dispose of assets continue in both Portugal and the Dominican Republic. In the latter, it has a 30% holding in DP World Caucedo and one of 50% in Sadoport, the general cargo terminal in the Portuguese port of Setubal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spains construction and services group, ACS, has created a series of local agreements for the disposal of the overseas ports assets held by subsidiary Dragados-SPL. In each case, shares in existing joint ventures are being sold to local partners.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-7861","post","type-post","status-publish","format-standard","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=7861"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=7861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=7861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=7861"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=7861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}