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According to sources familiar with the matter, PSA International (Singapore-based global port operator) is reconsidering the sale of its 20% stake in Hutchison Ports. In 2006, PSA International acquired a 20% stake in Hutchison Ports Group for $4.4 billion. Towards the end of 2022, several mainstream media outlets reported that PSA International was considering selling this portion of shares. However, due to the global slowdown in maritime activities at that time, the deal was put on hold.

Last month, CK Hutchison Holdings announced the sale of an 80% stake in Hutchison Ports to the "Blackstone-TiL Consortium" led by American asset manager Blackstone Group. This deal covers 43 ports in 23 countries with a total of 199 berths. The transaction also involves the sale of 90% of the shares held by Hutchison Ports in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal in Panama.

Sources indicate that whether PSA International ultimately decides to sell its stake will depend on CK Hutchison's progress with the deal. CK Hutchison and the "Blackstone-TiL Consortium" have agreed to a 145-day period of exclusive negotiations. Recently, according to Bloomberg, the world's largest container shipping company, MSC (the parent company of TiL), is set to lead this transaction and may potentially separate the Panama ports deal from the overall agreement.

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