Exclusive-MSC, BlackRock bid for Hutchison's Barcelona terminal faces EU probe, source says [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: Yahoo! Finance Canada
Hong Kong tycoon Li Ka-shing's CK Hutchison wants to ?sell its 80% holding in the $22.8 billion ports business, which encompasses 43 ports in 23 countries, a politically sensitive deal that has been caught up in China-U.S. tensions. The likely full-scale investigation by the European Commission, previously unreported, could see regulators demand ?concessions from BlackRock and MSC in ?return for clearing the Spanish deal. The Commission declined to comment. BlackRock, MSC and Hutchison did not immediately respond to several emailed requests for ?comment. CK Hutchison has interests in ports across Europe, including in Belgium, Poland and the Netherlands. It was not immediately clear if those other European parts of the global acquisition could also eventually come under scrutiny.? The non-EU portions of the deal fall outside the EU's review jurisdiction. BARCELONA ?TERMINAL ACQUISITION UNDER EU SCRUTINY The overall package, which includes two ports along the strategically im
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News
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- Exclusive-MSC, BlackRock bid for Hutchison's Barcelona terminal faces EU probe, source says [Yahoo! Finance]Yahoo! Finance
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