CK Hutchison agrees $22.8bn deal to sell off Hutchison Ports stake
CK Hutchison plans to relinquish controlling stake in HPH which includes interests in 45 ports comprising 199 berths in 23 countries, but will keep Chinese port assets
CK Hutchison Holdings has agreed in principal to sell 80% controlling stake of Hutchison Ports group, to consortium led by American investment giant BlackRock, which includes MSC’s Terminal Investment Ltd. The deal includes 90% share in Panama Ports Group, however, Hong Kong-based company states move was unrelated to reports of political pressure asserted by the US and ‘purely commercial in nature’
