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CK Hutchison Holdings Limited (CKHUF)

5.80

0.00

(0.00%)

At close: June 9 at 8:00:00 PM EDT

Panama Canal boss says MSC ports deal threatens neutrality, FT reports

"If there is a significant level of concentration on terminal operators belonging to an integrated or one single shipping company, it will be at the expense of Panama's competitiveness in the market and inconsistent with neutrality." MSC is one of the world's top container shipping groups.

Reuters yesterday

CKHUY
Panama Ports Buyers Caught Between a Rock and a Hard Place

MSC, BlackRock and CK Hutchison have reportedly mulled alternatives to the current $23 billion deal in hope of appeasing the U.S. and China.

Sourcing Journal 7 days ago

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The new mobile mega-network trying to solve Britain’s terrible coverage

As lobbying ramped ahead of their £15bn mega-merger, Vodafone and Three embarked on a campaign of self-denigration.

The Telegraph 7 days ago

VOD

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Vodafone and Three merge to become Britain’s biggest mobile network

Vodafone and Three have vowed to improve Britain’s patchy 5G coverage after completing their long-awaited £15bn mega-merger.

The Telegraph 9 days ago

VOD

CKHUY
CK Hutchison confirms Aponte's MSC is main investor in ports deal

HONG KONG (Reuters) -CK Hutchison confirmed on Thursday that Italian billionaire Gianluigi Aponte's family-run MSC Mediterranean Shipping Company is the main investor in a group seeking to buy 43 ports from the Hong Kong conglomerate. Hutchison co-managing director Dominic Lai was speaking at the company's annual general meeting following weeks of scrutiny and criticism in China of its proposal to sell most of its $22.8 billion global ports business to a consortium led by U.S. investment firm BlackRock. When asked if the Swiss-headquartered MSC shipping empire, which is controlled by the Aponte family, was the major investor, Lai said: "Yes, it has been from the beginning."

Reuters 20 days ago

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Hong Kong's CK Hutchison assures legal compliance in ports deal

"This transaction would never be carried out under any illegal or non-compliant circumstances," the company said in a statement. The Hong Kong-based conglomerate, controlled by tycoon Li Ka-shing, agreed in March to sell the majority of its $22.8 billion global ports business, including assets along the strategically significant Panama Canal, to a consortium led by BlackRock. The deal has since drawn global criticism, including from U.S. President Donald Trump, who repeatedly expressed his desire to reclaim the Panama Canal and termed the deal a "reclaiming" of the waterway.

Reuters 29 days ago

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China pushes for 'prudence' on CK Hutchison's ports deal, Xinhua reports

The Wall Street Journal, citing people familiar with the matter, reported on April 16 that the MSC shipping empire, a part of the BlackRock consortium, has held discussions on moving ahead with the bulk of the deal while disputes over the two Panama ports are resolved. "We have taken note of relevant reports," foreign ministry spokesperson Guo Jiakun told a regular press briefing, according to Xinhua.

Reuters last month

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China says CK Hutchison's ports deal must not try to avoid antitrust review

BEIJING (Reuters) -China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its ports operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review. The sale by the Hong Kong conglomerate, which contains two ports along the strategically important Panama Canal, has become highly politicised amid intensifying U.S.-Sino trade tensions. The MSC shipping empire, which is part of the BlackRock consortium, has held discussions on moving ahead with the bulk of the deal while disputes over the two Panama ports are resolved, the report said, citing people familiar with the matter.

Reuters last month

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Exclusive: Singapore's PSA weighs selling 20% stake in CK Hutchison's ports business, sources say

SINGAPORE (Reuters) -Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell. Tycoon Li Ka-shing's CK Hutchison announced last month it would sell its 80% holding in the business which includes two ports along the strategically important Panama Canal to a BlackRock-led consortium. U.S. President Donald Trump hailed the deal as a "reclaiming" of the canal.

Reuters last month

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Shipping Tycoons Discuss Separating Panama Ports From Hutchison Deal

Mediterranean Shipping Co. explores parallel tracks for contested Panama Canal ports and the rest of the deal with BlackRock.

The Wall Street Journal last month

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Italian Billionaire Just Outplayed BlackRock in a $19 Billion Global Port Grab

Li Ka-shing cashes out as Gianluigi Aponte's TiL quietly takes control of 41 ports worldwide

GuruFocus.com last month

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Market Chatter: BlackRock to Take 51% Stake in Panama Ports in Deal With CK Hutchison

BlackRock's (BLK) Global Infrastructure Partners is set to acquire a 51% stake in two ports along th

PREMIUM
MT Newswires last month

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Italian tycoon emerges as lead investor for CK Hutchison ports, Bloomberg News reports

The Aponte family's Terminal Investment Ltd (TIL), which manages a diverse portfolio of container terminals according to its website, will be the sole owner of all the ports once the deal is completed, except for two in Panama that would be controlled by BlackRock Inc, Bloomberg reported. BlackRock's Global Infrastructure Partners will own 51% of the two ports near the Panama Canal, while TIL will own the rest.

Reuters last month

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CK Hutchison invested $1.7 billion in Panama, surpassing obligations, it says

A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is being audited by Panamanian authorities. Panama Ports Company (PPC), in which CK Hutchison owns a 90% stake, had its 25-year operating concession for the Balboa and Cristobal ports renewed in 2021. The Panamanian government launched an audit of the contract in January, potentially complicating a high-profile deal by a group led by U.S. investment firm BlackRock for most of CK Hutchison's global port business, including the two ports.

Reuters 2 months ago

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Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

A subsidiary of a Hong Kong conglomerate that is embroiled in U.S.-China tensions over its Panama Canal port assets denied allegations Wednesday that it had failed to pay about $1.2 billion to the Central American country. The authority's accusations came the same day as U.S. Defense Secretary Pete Hegseth's arrival in the country to participate in a security conference. The Panama Ports Company, or PPC, defended itself in a statement Wednesday, saying it had made significant investments that exceeded $1.69 billion, surpassing the $50 million investment required under the original concession contract signed in 1997.

Associated Press Finance 2 months ago

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Panama Says CK Hutchison Owes $300 Million, Putting Port Sale in Limbo

Panama's top auditor will file criminal charges and brief the agency which oversees the U.S.-coveted ports and has the power to terminate the new BlackRock contract.

Sourcing Journal 2 months ago

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Panama Casts Doubt on BlackRock Canal Ports Deal Touted by Trump

The country’s top auditor said CK Hutchison owes the government $300 million, posing a hurdle to a plan touted by Trump to bring the ports under U.S. control.

The Wall Street Journal 2 months ago

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Explainer-Could Panama throw a new wrench into BlackRock's ports deal?

BlackRock could hit another roadblock in its attempt to secure control of two flagship ports near the Panama Canal once the Central American country releases an audit on a 25-year concession granted to Hong Kong-based CK Hutchison. Final signature of the deal in Panama, part of a broader $22.8 billion transaction between a BlackRock-led group and CK Hutchison including over 40 ports in 23 countries, is expected to be delayed as criticism grows in China, sources told Reuters last week. The deal's definitive documentation was initially expected to be signed by April 2, BlackRock and CK Hutchison said last month when they announced the deal.

Reuters 2 months ago

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Doubts over CK Hutchison port deal add to concerns about China's grip over Hong Kong

An expected delay in a key step in CK Hutchison's planned sale of its Panama ports to a U.S. group, a deal blasted by Chinese media, highlights growing concerns about Beijing's grip over Hong Kong and its exposure to global tensions, analysts say. CK Hutchison did not immediately respond to a Reuters request for comment. The CK Hutchison transaction, which would bring the firm more than $19 billion, has remained under attack this week from pro-Beijing media depicting it as a betrayal of China and a potential violation of national security.

Reuters 2 months ago

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Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2. Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal has not been called off. Pro-Beijing media have published a series of reports criticizing the deal, depicting it as a betrayal of China.

Reuters 2 months ago

CKHUY

Performance Overview

Return	CKHUF	HANG SENG INDEX (^HSI)
YTD	+6.32%	+21.47%
1-Year	+9.48%	+34.06%
3-Year	+9.48%	+11.74%

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CK Hutchison Holdings Limited (CKHUF)

Panama Canal boss says MSC ports deal threatens neutrality, FT reports

Panama Ports Buyers Caught Between a Rock and a Hard Place

The new mobile mega-network trying to solve Britain’s terrible coverage

Vodafone and Three merge to become Britain’s biggest mobile network

CK Hutchison confirms Aponte's MSC is main investor in ports deal

Hong Kong's CK Hutchison assures legal compliance in ports deal

China pushes for 'prudence' on CK Hutchison's ports deal, Xinhua reports

China says CK Hutchison's ports deal must not try to avoid antitrust review

Exclusive: Singapore's PSA weighs selling 20% stake in CK Hutchison's ports business, sources say

Shipping Tycoons Discuss Separating Panama Ports From Hutchison Deal

Italian Billionaire Just Outplayed BlackRock in a $19 Billion Global Port Grab

Market Chatter: BlackRock to Take 51% Stake in Panama Ports in Deal With CK Hutchison

Italian tycoon emerges as lead investor for CK Hutchison ports, Bloomberg News reports

CK Hutchison invested $1.7 billion in Panama, surpassing obligations, it says

Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

Panama Says CK Hutchison Owes $300 Million, Putting Port Sale in Limbo

Panama Casts Doubt on BlackRock Canal Ports Deal Touted by Trump

Explainer-Could Panama throw a new wrench into BlackRock's ports deal?

Doubts over CK Hutchison port deal add to concerns about China's grip over Hong Kong

Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

Performance Overview