PSA to Buy 20% of Hutchison Ports Unit
- Share via
From the Associated Press
Singapore port operator PSA International Ltd. will pay $4.39 billion for a 20% stake in the ports unit of Hong Kong’s Hutchison Whampoa Ltd., the world’s largest private port operator, the companies said.
The deal will help expand the reach of PSA, which has been on the acquisition trail.
Hutchison operates 42 ports in 20 countries and PSA runs 19 ports in 11 countries. None are in the United States.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.