Talks reported on Hutchison Port Holdings sale
Chinese media have stated that Hutchison Whampoa Ltd (HWL) is pondering a partial sale of port assets in Hutchison Port Holdings Trust (HPH Trust) to a consortium of state-owned firms based in mainland China.
At the same time, chairman Li Ka-shing is said to be keen to snap up assets in Europe to restructure its business, which he has denied.
HPH Trust’s Hong Kong assets comprise a 100% stake in Hong Kong International Terminals (HIT), 50% in Cosco-HIT Terminals, and 40% cent in Asia Container Terminals, all of which are located in Kwai Tsing port, Hong Kong.
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