Greater China
China Merchants linked with another Australian port deal
Hong Kong: China Merchants is being linked with an Australian ports deal. Asciano, owner of Patrick ports and Pacific National Rail, has confirmed it is holding talks over the potential sale of a minority stake in its container ports business.
The Wall Street Journal reported that China Merchants is trying to buy a stake in Patrick. It follows on from its recent acquisition of the Port of Newcastle. [18/07/14]