Hong Kong-based conglomerate CK Hutchison Holdings said it plans to invite a “major strategic investor” from China to join the consortium seeking to buy its global port assets, a portfolio that includes two terminals at either end of the Panama Canal.
The announcement came on July 28, following the expiration of a 145-day exclusivity period for negotiations on the proposed $22.8 billion sale.
That window was set in March, when CK Hutchison, owned by the family of Hong Kong business tycoon Li Ka-shing, revealed that it was in exclusive talks with a consortium led by U.S. asset management giant BlackRock and Switzerland-based Mediterranean Shipping Company, owned by the family of Italian billionaire Gianluigi Aponte….
CK Hutchison to Invite Chinese Investor to Join Global Port Deal
