Chinese Firms In Talks to Join Group to Buy Li Ka-Shing's Ports
China's largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing's global ports, according to people familiar with the matter, in an effort to ease Beijing's concerns over the controversial deal.
China Cosco Shipping Corp. is one of several Chinese state-backed companies in discussions with the consortium led by Italian billionaire Gianluigi Aponte's Terminal Investment Ltd. on matters including how they might participate in the port deal, the people said, asking not to be identified discussing private information. The buying group also includes US firm BlackRock Inc. and its Global Infrastructure Partners unit.
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