China has slammed CK Hutchison’s plans to sell some 80% of its port holdings to MSC, including its operations at both ends of the Panama Canal.
The Hong Kong-based group has confirmed plans to sell to a consortium comprising MSC’s port division, Terminal Investment Ltd (TiL) and hedge fund giant BlackRock, claiming it would “deliver cash proceeds in excess of $19bn to the group”.
However, late last night (13 March), the Hong …
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