Tag: GLOBALTRADE
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Hutchison Sells Global Ports to BlackRock and MSC in $22.8 Billion Deal
China’s CK Hutchison has reached an agreement to sell a majority stake in its global port operations, including the controversial Panama terminals, to a consortium led by U.S. investment giant BlackRock and MSC Group’s terminal operator, Terminal Investment Limited (TiL). The deal, valued at $22.8 billion, involves 80% ownership of Hutchison’s 43-port portfolio worldwide and…