No Hutch Sale

International press reports are indicating that PSA International is no longer planning to sell its 20 per cent stake in Hutchison Ports due to limited interest in the deal. Singapore-based operator, PSA, acquired the stake in Hutchison Ports in 2006 for US$4.4bn and was rumoured to be seeking US$4bn from this proposed sale. Both Cosco and China Merchants had been noted as possible names looking into the opportunity, although this remains unconfirmed.