PSA International is reportedly considering selling a 20% stake in the port operations division of Hong Kong-based CK Hutchison Holdings.
The possible sale was announced by the Reuters news agency. The Singapore port operator, wholly owned by Temasek Holdings, manages one of the largest port terminal networks in the world. In Italy it is active in the port of Genoa with PSA Genova Prà and PSA Sech, and in the port of Venice with PSA Venice. While, in Europe, it boasts a presence in Belgium, Germany, the Netherlands, Poland, the United Kingdom, Spain and Sweden.
PSA acquired 20% of Hutchison Port Holdings in 2006 for $4.4 billion. Reuters specified that PSA is apparently in the early stages of evaluating this possible divestment. However, a number of potential bidders have already been identified. These would include Chinese port operators, liner shipping companies and global infrastructure funds.
Translation by Giles Foster
