BRIEF-CK Hutchison Says Exclusive Negotiations Involving Certain Ports Owned & Operated By Hutchison Ports Group

Reuters
04 Mar
BRIEF-CK Hutchison Says Exclusive Negotiations Involving Certain Ports Owned & Operated By Hutchison Ports Group

March 4 (Reuters) - CK Hutchison Holdings Ltd 0001.HK:

  • EXCLUSIVE NEGOTIATIONS RELATING TO TRANSACTION INVOLVING CERTAIN PORTS OWNED AND OPERATED BY HUTCHISON PORTS GROUP

  • IN-PRINCIPLE AGREEMENT WAS ENTERED INTO ON 4 MARCH 2025 BETWEEN COMPANY AND BLACKROCK

  • AGREEMENT ENTERED INTO BETWEEN COMPANY AND BLACKROCK, INC., GLOBAL INFRASTRUCTURE PARTNERS, AND TERMINAL INVESTMENT

  • TRANSACTION WILL INVOLVE SALE BY THE GROUP OF ALL SHARES IN HUTCHISON PORT HOLDINGS S.A R.L. & ALL SHARES IN HUTCHISON PORT GROUP HOLDINGS

  • AGREEMENT IN-PRINCIPLE REACHED ON ACQUISITION BY BLACKROCK-TIL CONSORTIUM OF HUTCHISON PORT HOLDINGS'S 90% INTERESTS IN PANAMA PORTS CO

  • EQUITY VALUE OF THE SALE PERIMETER WOULD BE US$17,765 MILLION FOR 100% AND THE EQUITY VALUE OF THE SALE SHARES, WOULD BE US$14,212 MILLION

Further company coverage: 0001.HK

((Reuters.Briefs@thomsonreuters.com;))

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