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]

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