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SG PSA Reportedly Considering Sale of 20% Stake in CKH HOLDINGS' Port Biz
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Singapore's PSA International is evaluating the sale of its 20% stake in CKH HOLDINGS (00001.HK)'s port business, Reuters quoted sources as saying. This follows CKH HOLDINGS' earlier announcement of the sale of its 80% holding in Hutchison Port, including the controversial Panama port terminal business, to a consortium led by BlackRock (BLK.US). CKH HOLDINGS and the consortium are currently engaged in exclusive negotiations for 145 days. AAStocks Financial News |
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