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US Grants Security Clearance to COSCO’s OOIL Deal

As informed by COSCO, the Committee on Foreign Investment in the United States (CFIUS) has determined that “there are no unresolved national security issues related to the transaction.”

This follows a national security agreement inked with the US government to divest Long Beach Container Terminal to an unrelated third party. Pending the disposal, the ownership of the terminal located at the Port of Long Beach will be transferred to a trust not being a shareholder of OOIL.

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