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

By Reuters

 

Italian billionaire Gianluigi Aponte’s family-run business is emerging as the lead investor of a group seeking to buy 43 ports from conglomerate CK Hutchison, Bloomberg News reported on Monday, citing people familiar with the matter.

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.

CK Hutchison declined to comment…

READ FULL ARTICLE HERE… (finance.yahoo.com)

 

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