China Merchants Joins Bid for Hutchison Ports
China Merchants Group is in talks to join a consortium including BlackRock and Terminal Investment to acquire port assets from CK Hutchison Holdings today.
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The state-owned port operator China Merchants Group has reportedly entered discussions to join a high-profile consortium aiming to acquire a significant portion of the global port portfolio held by CK HUTCHISON HOLDINGS LTD. According to sources familiar with the matter, the involvement of China Merchants is viewed as a strategic move to provide financial backing for China state-owned peer China Cosco Shipping in its pursuit of the deal.
