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Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
- CK Hutchison Holdings, controlled by Hong Kong billionaire Li Ka-shing, failed to reach a deal by the July 27 cutoff for exclusive negotiations concerning a roughly $23 billion sale of stakes in 43 ports worldwide, including those at the Panama Canal.
- The transaction, involving a group headed by Terminal Investment Limited and BlackRock, encountered postponements due to necessary adjustments in the consortium’s composition and deal structure to satisfy regulatory requirements amid heightened US-China geopolitical tensions.
- The deal covers 43 ports in 23 countries, with Terminal Investment controlling most ports and BlackRock's unit set to manage two Panama Canal ports, while a Chinese investor's possible inclusion aims to ease regulatory and political challenges.
- Shares of CK Hutchison rose 37% after the March announcement but fell due to political pressures, with investor confidence now recovering partly because China Cosco entered discussions to join the consortium, boosting deal viability.
- CK Hutchison continues talks to invite a major Chinese strategic investor to join the consortium, signaling ongoing complex negotiations that could alter the deal but facilitate approvals amid strained US-China relations.
27 Articles
27 Articles
CK Hutchison wants Chinese firm to join bidding for its US$22.8 billion ports business
HONG KONG: CK Hutchison said on Monday it wants a major Chinese strategic investor to join the BlackRock-led consortium bidding for its US$22.8 billion ports business, after media reported that state-owned China COSCO Shipping Corp aims to join the group. © New Straits Times Press (M) Bhd
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By P.R. Venkat CK Hutchison Holdings is in talks with a BlackRock-led consortium to include a strategic investor from China to push ahead with its plans to sell ports on either end of the Panama... -July 27, 2025 at 09:12 pm EDT MarketScreener
Investors are regaining enthusiasm for Li Ka-shing and his company, CK Hutchison Holdings, despite a delay in the company's plan to sell 43 ports, with optimism fueled by the news that a Chinese shipping giant is finding its way to the global deal.CK Hutchison's shares, which ranged between profits and losses since the company first announced the agreement on March 4, reached its highest level of the year on Friday after China's state-owned Cosc…
Investors Revive Interest in CK Hutchison Despite Deal Delay
Investors are regaining enthusiasm for CK Hutchison Holdings Ltd. despite a delay in the company’s plan to sell 43 ports, with optimism fueled by news that a Chinese shipping behemoth is finding its way into the global deal.
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