PSA shelves Hutchison sale

Hutchison Port Holdings Trust

A gloomy financial outlook is allegedly behind PSA’s decision to shelve the sale of its stake in Hutchison Ports

PSA International has shelved its plans to sell its 20% stake in Hutchison Ports.

Bloomberg reports that the terminal operator has failed to generate interest in its US$4 billion offering. PSA bought the stake in 2006 for US$4.4 billion.

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