Suez Canal Container Terminal (SCCT) is a private joint venture company that obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by APM Terminals. 20% of the shares are held by COSCO, 10% are held by Suez Canal & Affiliates, 5% by the National Bank of Egypt (NBE) and the remaining 10% are held by the Egyptian private sector.
COSCO Pacific signed an agreement with SCCT in November 2007 to hold 20% of the shares. IFU-Danish Development Bank no longer maintains its shareholder status.
Read more about this topic: Suez Canal Container Terminal
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