With multiple sources, including Reuters and Bloomberg, saying PSA International is seeking to sell its 20% stake in Hutchison Ports, the composition of the world’s container terminal operators is about to change.
According to Bloomberg, the top two state-backed port operators in China, COSCO and China Merchants, have both expressed interest in purchasing the Hutchison stake. PSA purchased the stake in 2006 and is reportedly seeking to sell it this year for about $4 billion.
According to statistics from UK consultants Drewry, PSA is the largest container terminal operator in the globe, with Hutchison coming in at number six.
