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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PSA acquires HIT stake ‣ WorldCargo News

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.

Do you want to read the full article?

Register to continue reading

By registering you will have:

  • Access to all Premium content
  • Discount on selected events
  • Full access to the entire digital archive
  • 10x per year Digital Magazine

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Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@worldcargonews.com.