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CKH HOLDINGS Reportedly Sells Port Biz to Italy’s Aponte Family
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CKH HOLDINGS (00001.HK) announced last week that it had clinched an agreement with the "BlackRock-TiL" consortium to sell an 80% stake in Hutchison Port Holdings, with the transaction expected to generate over USD19 billion in cash proceeds for CKH. As Hong Kong Economic Journal cited sources, the success of this deal was largely driven by the involvement of a key figure, Diego Aponte, Chairman of "BlackRock-TiL" and Group President of MSC (Mediterranean Shipping Company). Aponte, an Italian-Swiss national, has long maintained a close relationship with CKH. The Li family and the Aponte family have enjoyed a deep friendship since the previous generation of leadership. MSC will reportedly take over the operations of CKH’s 43 ports across 23 countries, meaning these assets will not end up in American hands. Furthermore, following the integration of CKH’s 43 ports into its operations, TiL’s market share is projected to rise from 7th to 1st place globally, with terminal throughput surging to over 7,800 TEUs. AAStocks Financial News |
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