US EditionHong Kong's C.K. Hutchison Seeking Chinese Investor to Join Panama Ports Deal
- C.K. Hutchison Holdings may invite a major strategic investor from China to join a group buying its global ports, as stated in a stock exchange filing on July 28.
- The unnamed Chinese investor would become a significant member of the buying consortium, which is backed by BlackRock.
- Chinese authorities have warned not to bypass antitrust reviews, stressing the need for all relevant approvals before proceeding, according to CK Hutchison.
- CK Hutchison stated it will not move forward with any transaction without approval from all relevant authorities.
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Cheung Kong Hutchison Holdings (CKH), owned by Li Ka-shing, issued a new announcement on July 28, confirming the expiration of its exclusive negotiation period with the BlackRock-led consortium. The company stated that despite the expiration of the deadline, it is still in discussions with consortium members and intends to invite major strategic investors from mainland China to join as key members of the consortium.
Yesterday, July 27, the period of exclusivity between CK Hutchison and the consortium of BlackRock and TIL expired, without the sale of the ports, including Balboa and Cristóbal.
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