-- China Merchants Group is in negotiations to become part of a consortium planning to acquire CK Hutchison's (HKG:0001) ports, Bloomberg reported, citing people familiar with the matter.
The move comes in a bid to assist China Cosco Shipping in financing the deal, the people added and Bloomberg reported.
The deal, which will reportedly encompass the acquisition of over 40 ports, will require lengthy discussions due to a complex background and the requirement for US and China approvals.
BlackRock Inc.'s GIP fund and Terminal Investment are currently a part of the consortium, the report stated.
CK Hutchison's plan to offload 43 ports for over $19 billion has previously met various hurdles and delays since it was announced in 2025 amid geopolitical tensions.
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