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Months of silence out of Hong Kong on the status of the proposed purchase of 80% of Hutchison Port Holdings’ international port portfolio by the MSC/BlackRock consortium ended this week, with the scale of the negotiation deadlock revealed.
According to a report in yesterday’s Wall Street Journal, China’s insistence that its national shipping line, Cosco, should also acquire a stake in the ports group has morphed into a demand for a controlling stake in the 43 ports operated by Hutchison outside ...
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