CK Hutchison Holdings ( (HK:0001) ) has provided an update.
CK Hutchison Holdings Limited has entered into exclusive negotiations with a consortium led by BlackRock, Inc., Global Infrastructure Partners, and Terminal Investment Limited for the sale of its 80% stake in Hutchison Ports Group. The transaction, valued at approximately $22.765 billion, excludes interests in ports in Hong Kong, Shenzhen, and Mainland China, and is expected to generate over $19 billion in cash proceeds for CK Hutchison. The deal is subject to regulatory approvals and shareholder consent, with no certainty of completion.
More about CK Hutchison Holdings
CK Hutchison Holdings Limited is a multinational conglomerate based in Hong Kong, primarily involved in ports and related services, telecommunications, retail, infrastructure, and energy. The company operates a vast network of ports through its subsidiary, Hutchison Ports Group, which manages 43 ports across 23 countries.
YTD Price Performance: -1.33%
Average Trading Volume: 8,404
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $19.13B
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