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CK Hutchison Seeks Chinese Partner as Panama Ports Sale Deadline Lapses

The move to add a mainland partner aims to overcome Chinese antitrust scrutiny, reviving the stalled US$23 billion ports sale.

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Overview

  • The 145-day exclusivity window for CK Hutchison’s proposed US$23 billion sale of 43 ports, including Panama Canal terminals, expired on July 27 without a final agreement.
  • In a July 28 stock exchange filing, CK Hutchison said it will invite a “major strategic investor” from mainland China to join the buyer consortium.
  • State-owned China Cosco Shipping is widely expected to be the partner seeking veto rights to secure Beijing’s support.
  • Adding a mainland investor aims to satisfy Chinese antitrust regulators and revive the transaction stalled by US-China geopolitical tensions.
  • CK Hutchison remains in negotiations with MSC’s Terminal Investment and BlackRock stakeholders as it adapts the consortium structure to meet regulatory approvals.