Criticism aired of CAP port acquisition
Juan Rassmuss, director of Invercap, the parent company of Chile’s CAP, has criticised the management of CAP for the purchase of the port of Las Losas from its CMP subsidiary at a cost of $23.7m.
He said the transaction was poorly timed, given that Mitsubishi had been negotiating taking a 25% stake in the Chilean steel company.
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