ck-hutchison

CK Hutchison-MSC in $22.8 Billion Ports Deal

The BlackRock-TiL Consortium and CK Hutchison said March 4 they have reached in principle agreements whereby BlackRock-TiL will acquire HPH’s 90 percent interest in the Panama Ports Co.,BlackRock-TiL will also acquire CK Hutchison’s 80 percent effective and controlling interest in subsidiary and associated companies owning, operating and developing 43 ports comprising 199 berths in 23 countries. It also acquires all HPH’s management resources, operations, terminal operating systems, IT and other ... [+]