Chinese state-owned giants, China Cosco Shipping Corp. and China Merchants Group, seem to be interested in acquiring PSA International Pte’s minority stake in Hong Kong’s CK Hutchison Holdings Ltd.
According to a Bloomberg report, PSA is seeking approximately US$4 billion for its 20% share of CK Hutchison’s ports assets, while the company is reported to have already begun early discussions with potential investors.
COSCO and China Merchants have not confirmed the reports at the time of writing.
