PSA acquires HIT stake

News-in-print

In a surprise move, Hutchison Whampoa Ltd (HWL) has announced that it has agreed to sell 20 per cent and 10 per cent effective equity in Hongkong International Terminals (HIT) and COSCO-HIT respectively to PortCapital Ltd, an investment holding company backed by rival terminal operator PSA International, for a cash consideration of US$925 mill.

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