Hutchison sells majority of port business

 

CK Hutchison has reached an agreement with Blackrock, Global Infrastructure Partners (part of Blackrock) and TiL (a subsidiary of MSC) to sell 80% of its ports division for $22.8bn in a deal that covers 43 ports in 23 countries. 

 

The deal does not include the HPH Trust, which operates ports in Hong Kong, Shenzhen and South China, or any other ports in China. 

 

Click on the below link to read more. 

 

https://www.multimodal.org.uk/article/hutchison-sells-rump-of-port-business-including-felixstowe-to-msc-blackrock