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Italy's Aponte Family Reportedly Becomes Leader of Acquisition of CKH HOLDINGS' 43-Port Consortium
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Italy's Aponte family, which runs global shipping giant MSC, is becoming a lead investor in a bid to buy CKH HOLDINGS (00001.HK)'s 43-port consortium, Bloomberg quoted sources as saying. After the deal is finalized, the Aponte family's Geneva-based Terminal Investment Ltd. (TiL) will be the sole owner of all the ports, with only the two ports in Panama to be controlled by BlackRock (BLK.US), the report quoted insiders as saying. TiL became the sole holder of the Hutchison Port transaction, while BlackRock and GIC together accounted for about 30%, meaning that the real buyer of the deal is not American. Today (14th), CKH HOLDINGS boomed along with the market, and last printed at $41.2 after midday, mounting 3.52%, with a turnover of $353 million. AAStocks Financial News |
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