Report: “Intractable Impasse” in Hutchison-BlackRock-MCS Deal Due to China
A new report indicates that with negotiations dragging on for months, the sale of Hutchison’s international terminal operations to a partnership of BlackRock and MSC’s Terminal Investment Limited (TiL) may have now hit an “intractable impasse.” The Wall Street Journal, in an exclusive report, writes that China has “upped its demands,” possibly sinking a potential agreement. Earlier reports said that China was demanding an equal share for the state-owned shipping company, COSCO, in the deal alongside BlackRock and MSC’s TiL....
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