Analysis-China stake in CK Hutchison port sale could ease Beijing pressure but US geopolitical risks remain [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance Canada
HONG KONG/NEW YORK (Reuters) -The proposed inclusion of Chinese shipping giant COSCO in Hong Kong conglomerate CK Hutchison's contentious global ports sale is a potential win for Beijing in a strategic sector, but the deal is far from final and could face resistance from Washington, sources and analysts say. Since the deal was announced on March 4 to sell 43 of CK Hutchison's ports in 23 countries, including two along the Panama Canal, to a consortium led by U.S. firm BlackRock, and Italian billionaire Gianluigi Aponte's family-run shipping company MSC, it has sparked a firestorm of criticism from China. While the U.S. government might oppose the inclusion of state-run COSCO over perceived geopolitical risks posed by Chinese influence, bringing in the shipping giant could provide a more level playing field rather than one company being dominant, said a person with knowledge of the deal. The complex deal would require approval from around 50 jurisdictions involved, and it would
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