Beijing has moved to block the sale of CK Hutchison’s ports division to BlackRock and Mediterranean Shipping Co. (MSC), a $22.8 billion deal involving 43 ports across 23 countries. Chinese authorities, concerned about market competition, have launched a review to protect public interests. If approved, the sale would make MSC the world’s largest container line operator. Hutchison Ports, once the largest global terminal operator, has seen its position slip to sixth in recent years.
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Source: Splash 247
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