HPH ready to raise ECT stake

News-in-print

Hutchison Port Holdings (HPH) is on the verge of increasing its stake in ECT from 35 per cent to 60 per cent. As reported in the July 2001 issue of WorldCargo News (p8), the European Commission withdrew its earlier opposition to the Hong Kong-based ports operator having a majority stake, on condition that ECT reduces its shares in the Maersk Benelux terminal and the forthcoming P&ONL Euromax terminal, currently 33 per cent and 50 per cent respectively.

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