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French Shipping Giant CMA CGM Seeks to Participate in CKH's Port Deal
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French shipping giant CMA CGM is pursuing to participate in CKH HOLDINGS (00001.HK)'s sale of 43 ports. CMA CGM's CFO, Ramon Fernandez, disclosed that they are keeping a close tab on the situation and are very interested in directly participating in this deal, which has yet to reach a resolution. As CMA CGM is the world's third-largest container shipping company, Fernandez remarked that the potential deal with CKH is very important for the industry, and it is important for the company as a major player in this sector. This week, CKH had announced that the exclusive negotiation period with a consortium regarding the port sale expired, but the group is still in discussions with consortium members and plans to invite major strategic investors from mainland China to become key members of the consortium. AASTOCKS Financial News Website: www.aastocks.com |
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