Is PSA’s stake in Hutchison Ports a fit for Chinese giants?
Deal comes as slowing globalisation and rising geopolitical risks casts a shadow on prospects of port sector relaying on a continued expansion of global trade
To spend billions of dollars on a minority equity stake in Hutchison global port portfolio seems to contradict what Cosco Shipping and China Merchants have preferred — high growth potential and a control over how an acquired terminal should be developed
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