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CN Reportedly Promotes China COSCO Shipping Corporation to Join CKH HOLDINGS' Port Sale Deal
The Chinese government is promoting China COSCO Shipping Corporation to join a consortium led by BlackRock and Mediterranean Shipping Company (MSC) and acquire over 40 port assets,...
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CN Reportedly Promotes China COSCO Shipping Corporation to Join CKH HOLDINGS' Port Sale Deal
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The Chinese government is promoting China COSCO Shipping Corporation to join a consortium led by BlackRock and Mediterranean Shipping Company (MSC) and acquire over 40 port assets, including those in the Panama Canal, from CKH HOLDINGS (00001.HK)  +0.400 (+0.824%)    Short selling $67.34M; Ratio 21.165%   , the Wall Street Journal quoted sources as saying.

This move aims to make COSCO Shipping a partner and shareholder in these ports. If unsuccessful, the Chinese government will oppose the deal.

BlackRock, MSC and CKH HOLDINGS are open to COSCO Shipping's investment, but it is believed that an agreement is unlikely before the exclusive negotiation period between BlackRock, MSC and CKH HOLDINGS ends on 27 July, sources added.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.)

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