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Transportation

Chinese state port operator's India and Vietnam acquisitions stall

Government approvals for China Merchants Port purchases 'delayed'

China Merchants Port Holdings has been unable to complete its purchase of a stake in a new terminal at Vietnam's Cai Mep port. 

HONG KONG -- A billion-dollar deal by China Merchants Port Holdings, a state-owned enterprise that has been a leading investor in overseas ports, to acquire half of a French-owned portfolio of shipping terminals has been stalled by authorities in India and Vietnam.

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