April 28 (Reuters) - China's foreign ministry has asked
all parties involved in CK Hutchison's ( CKHUF ) planned sale of
most of its ports operations to a BlackRock ( BLK )-led
consortium to "act prudently," state news agency Xinhua reported
on Monday.
The sale by the Hong Kong conglomerate, which contains two
ports adjacent to the strategically important Panama Canal, has
become highly politicised amid intensifying U.S.-Sino trade
tensions.
The Wall Street Journal, citing people familiar with the
matter, reported on April 16 that the MSC shipping empire, a
part of the BlackRock ( BLK ) consortium, has held discussions on moving
ahead with the bulk of the deal while disputes over the two
Panama ports are resolved.
"We have taken note of relevant reports," foreign ministry
spokesperson Guo Jiakun told a regular press briefing, according
to Xinhua.
The spokesperson also urged the parties to maintain full
communications with the relevant Chinese departments, the report
added.
China's top market regulator had also responded to the Wall
Street Journal report on Sunday, saying it was paying close
attention to the deal, and that the parties should not try to
avoid an antitrust review.
Tycoon Li Ka-shing's CK Hutchison ( CKHUF ) announced last month it
would sell its 80% holding in the ports business, which
encompasses 43 ports in 23 countries. The business has an
enterprise value of $22.8 billion, including debt.
CK Hutchison ( CKHUF ) did not immediately respond to a Reuters
request for comment.