HONG KONG, July 28 (Reuters) - CK Hutchison ( CKHUF )
said on Monday it wants a major Chinese strategic investor to
join the consortium bidding for its $22.8 billion ports
business, after media reports that state-owned China COSCO
Shipping Corp may join the group.
In a statement, CK Hutchison ( CKHUF ) said changes to the
consortium's composition and the structure of the transaction
will be necessary for the deal to secure regulatory approvals,
and that it will allow as much time as needed to achieve those.
The announcement comes as a 145-day exclusivity period
for talks between CK Hutchison ( CKHUF ) and the original bidding
consortium - led by BlackRock ( BLK ) and Gianluigi Aponte's MSC
- expired on Sunday.
The deal, which includes two ports near the strategically
crucial Panama Canal, has become highly politicised as tension
escalates between China and the United States.
Beijing views the potential sale as a threat to its
interests, seeing the BlackRock ( BLK )-led consortium as a proxy for
growing American influence in a region China considers
economically and geopolitically significant.
The outlook for the deal has grown increasingly uncertain in
recent days, with sources telling Reuters that COSCO - a key
player in China's global maritime ambitions - is exploring a
role in the bid.