China COSCO shipping secures US security clearance for its USD 6.3 Bln OOIL deal

Reuters. 8 July. 5 minute read.
China’s COSCO Shipping has obtained security clearance from a key U.S. review body for the former’s USD 6.3 Bln buyout of the shipping firm Orient Overseas International Ltd (OOIL). The event gains significance in light of the concerns that the US-China trade war may impact regulatory approvals for major deals between the firms of the two countries.
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