MSC Reportedly Weighs Splitting Panama Ports From $23B Hutchison Deal [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance
world's largest ocean carrier join a BlackRock-led consortium to buy 45 ports from a Hong Kong-based port operator. That $22.8 billion deal has magnified the geopolitical tensions surrounding the Panama Canal, which has been a target of U.S. President Donald Trump. The president has asserted that the U.S. should “take back” the 50-mile trade artery on the grounds of alleged growing Chinese influence in the canal. Chinese officials have publicly spoken out against CK Hutchison Holdings' sale of the two ports, which operate on both sides of the canal. More from Sourcing Journal Tariff Tumult Cripples Chinese Port Activity as Trade War Escalates USTR Reevaluates Proposed Port Fees on Chinese Ships After Industry Pushback Japan's E-commerce Group Zozo to Acquire Lyst for $154 Million According to a report from The Wall Street Journal, MSC founder and chairman Gianluigi Aponte and his son, company president Diego Aponte, have held discussions about moving ahead with separately
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- MSC, BlackRock's bid for Hutchison's Barcelona terminal may push up prices, EU says [Yahoo! Finance]Yahoo! Finance
- A Fresh Look at CK Hutchison Holdings (SEHK:1) Valuation Following Recent Shareholder Returns [Yahoo! Finance]Yahoo! Finance