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| HSCEI1 | 8,483.95 | -124.76 | 121.32B |
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CKH Continues with BlackRock-backed Consortium to Sell 41 Ports; Completion Expected by Mid-2027: Wire
2026-03-04 09:39:23 The BlackRock (BLK.US)-backed consortium is striving to complete the acquisition of CKH HOLDINGS (00001.HK)'s port business, after the authorities in Panama seized the related assets, Financial Times reported, quoting people familiar with the matter. However, the transaction will not include the two terminals on the Panama Canal. CKH has been aiming to sell 43 ports across 23 countries, including two terminals on the Panama Canal. CKH is purportedly still in negotiations with the consortium to sell the remaining 41 port assets and expressed confidence that the transaction will eventually be completed. The agreement is expected to be finalized by mid-next year, with the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping potentially providing favorable conditions for the agreement. ~ AASTOCKS Financial News Website: www.aastocks.com | |