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CKH Plans to Advance Port Sale by Splitting Deal into Separate Parcels w/ Different Ownership Structures: Wire
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CKH HOLDINGS (00001.HK) intends to advance the port sale plan by splitting the deal of 43 ports into separate parcels with different ownership structures, Bloomberg reported, citing sources. However, the discussions are still in the preliminary stages, and details have yet to be finalized. It is understood that this arrangement may allow COSCO Shipping to hold larger port stakes in Africa and other regions friendly to China, while other consortium members, including Gianluigi Aponte's Terminal Investment and BlackRock (BLK.US), could gain greater control in other regions. Sources also revealed that the Chinese government had informed COSCO Group of its willingness to accept such a structure. AAStocks Financial News |
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