Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN Reportedly Promotes China COSCO Shipping Corporation to Join CKH HOLDINGS' Port Sale Deal
Recommend 6 Positive 20 Negative 13 |
||||
|
||||
|
The Chinese government is promoting China COSCO Shipping Corporation to join a consortium led by BlackRock and Mediterranean Shipping Company (MSC) and acquire over 40 port assets, including those in the Panama Canal, from CKH HOLDINGS (00001.HK), the Wall Street Journal quoted sources as saying. This move aims to make COSCO Shipping a partner and shareholder in these ports. If unsuccessful, the Chinese government will oppose the deal. BlackRock, MSC and CKH HOLDINGS are open to COSCO Shipping's investment, but it is believed that an agreement is unlikely before the exclusive negotiation period between BlackRock, MSC and CKH HOLDINGS ends on 27 July, sources added. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
