MSC, Mærsk & CMA CGM – where rivalry doesn't matter (and where it does)
Behind closed doors
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Someone’s been spilling the beans in Hong Kong this week when they told a Bloomberg reporter that state-owned China Merchants Group (CMG) has been thinking it would be a neat idea to take its port operating subsidiary private.
China Merchants Port Holdings (CMPorts) is currently listed on the Hong Kong Stock Exchange, with Bloomberg estimating that CMG currently owns some 63% of the shares.
CMPorts issued a flat, although admittedly weirdly worded, denial: noting the press speculation, it said “the company is ...
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