China’s foreign ministry has urged all parties in the controversial sale of CK Hutchison Holdings’ overseas ports to “act prudently” and stay in touch with Beijing amid a report that the Hong Kong conglomerate’s two Panama Canal facilities may be separated from the deal. Foreign Ministry spokesman Guo Jiakun said on Monday that authorities had…
Mainland China’s market regulator has warned CK Hutchison Holdings and other parties involved in the controversial sale of the Hong Kong conglomerate’s overseas ports not to circumvent an ongoing antitrust probe into the deal, with some parts of the transaction reportedly set to be split up. The warning from a spokesman for the State Administration…
The world’s biggest container shipping line, MSC, is also likely to become the largest port operator across the globe if it succeeds in taking control of 41 facilities from Hong Kong’s CK Hutchison Holdings, further reducing the number of firms running terminals, industry experts have said. Geneva-based MSC, which is the first container carrier to…
A deal by Hong Kong-based CK Hutchison Holdings to sell all its overseas ports to a consortium led by US firm BlackRock has taken a fresh twist, with the revelation that the new majority shareholder will not be American, but a low profile Italian-Swiss family with ambitions to control global shipping. Sources told the Post…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…