China’s top market regulator, the State Administration for Market Regulation (SAMR), has issued a clear warning to CK Hutchison regarding its planned sale of its global ports business.
The $23 billion transaction, involving the Hong Kong conglomerate’s sale of 43 overseas ports, is under intense scrutiny due to the inclusion of two ports located at either end of the Panama Canal.
SAMR has said that no part of this deal can proceed without first undergoing a formal antitrust review, reminding the parties involved that attempting to bypass this process could lead to legal consequences.
The warning comes after a recent Wall Street Journal report that indicated there are discussions about separating the two Panama Canal ports from the deal.
According to sources, the parties involved in the transaction, led by US investment firm BlackRock, are considering to move forward with most of the sale while disputes over the two Panama Canal ports remain
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