Sectors

CK Hutchison to sell majority of port holdings to Blackrock-TiL

By 2025-03-06T12:00:00

Port of felixstowe

Source: Port of Felixstowe.

Hong Kong-based CK Hutchison has agreed to sell the majority of its port holdings to the Blackrock-TiL consortium in a deal valued at USD22.8 billion. According to sector analyst Drewry, the deal will propel shipping group MSC to the top of its Global Terminal Operator (GTO) league.

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