What's the real meaning of Hutchison's sale of port stake?
Hong Kong's Hutchison Whampoa sells a 20% interest in its ports unit to Singapore's PSA International.
As Hutchison Whampoa continues to try to make a profit out of its third-generation mobile phone operations, the Hong Kong companyÆs ports unit agreed to sell a 20% stake to the Singapore operator PSA International on Friday, April 21 for $4.4 billion. Is there a connection
PSA runs 19 ports in 11 countries making it the second-largest global port operator just behind Hutchison Port Holdings, which operates 42 ports in 20 countries and controls some of the most premiere locations...
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