Reported about 7 hours ago
According to a Wall Street Journal report, China may obstruct the sale of port terminals by Hong Kong’s CK Hutchison to U.S.-based BlackRock and the Mediterranean Shipping Company (MSC), unless shipping giant Cosco is involved in the deal. Hutchison plans to sell its 80% stake in terminals across 43 ports for $22.8 billion, with the sale including strategic locations near the Panama Canal. The involved parties have shown willingness to incorporate Cosco, but no agreement is expected before the July 27 negotiation deadline.
Source: YAHOO