COSCO and China Merchants tipped to bid for stake in Hutchison Ports

Monday, 22 May 2023

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The mix of the global container terminal operators is ready for a shake-up with multiple sources, including Reuters and Bloomberg, reporting PSA International is looking to sell its 20% stake in Hutchison Ports.

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PSA bought the stake in 2006 and is understood to be looking for around $4bn to offload it this year, with Bloomberg suggesting China’s state-backed top two port operators, COSCO and China Merchants, have both expressed interest in acquiring the Hutchison stake.

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PSA is the world’s largest container terminal operator, with Hutchison ranking in sixth place according to data from UK consultants Drewry.

Source : https://splash247.com

 

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