Ports

Media: Temasek’s PSA shelves USD 4bn Hutchison Ports stake sale

According to sources, PSA International has abandoned plans to divest its stake in CK Hutchison’s port business. Economic headwinds from reduced shipping activity globally are a main reason.
Shipping containers are seen at a port of Kwai Tsing Container Terminals in Hong Kong, Friday, Nov. 5, 2021. | Photo: Kin Cheung/AP/Ritzau Scanpix
Shipping containers are seen at a port of Kwai Tsing Container Terminals in Hong Kong, Friday, Nov. 5, 2021. | Photo: Kin Cheung/AP/Ritzau Scanpix
By Manuel Baigorri and Elffie Chew, bloomberg news

PSA International Pte has shelved plans to sell its minority stake in the ports business of Hong Kong’s CK Hutchison Holdings Ltd. amid economic headwinds, according to people familiar with the matter.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs