Greater China

Hutchison Port Holdings sale rumoured

Hong Kong: The South China Morning Post is reporting Li-Ka-shing is looking at offloading some of his port investments to a consortium of state-owned mainland firms. The newspaper claims China Merchants Holdings (International), Cosco Pacific, China Shipping Terminal Development and State Development & Investment Corp are interested in taking a 40% stake in Hutchison Port Holdings (HPH) for HK$150bn to HK$160bn.

Last month, Li unveiled a restructuring of Cheung Kong (Holdings) and Hutchison Whampoa.
Hutchison denied the rumours.

In 2006, Singapore’s PSA International paid HK$34bn for a 20% stake in HPH. Under the terms of that nine-year old deal, PSA has first right of refusal in any further stake sale.  [06/02/15]

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