MSC's Hutchison ports buy – it's a cracker
…but what’s in it for China?
ID 1022242 © J Vd | Dreamstime.com
If you have closely followed the Sinotrans rollercoaster as eagerly as we have, you may already know we have bad news for you.
(But don’t despair.)
The short-lived rally, as it turned out, that we flagged two weeks ago – to which the CMA CGM + Bolloré Logistics deal announcement on 8 May contributed, in my view – has now vanished.
Briefly, two things here stand out as no other speculative deal-accretive signs have surfaced so far.
First, the stock went ex-dividend last week, but ...
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