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Singapore mulls dumping 20% stake in CK Hutchison's port business

State-controlled PSA reviews portfolio as Hong Kong cargo volumes decline

Hutchison Port, whose flagship terminals include Hongkong International Terminals in the Port of Hong Kong, owns over 290 terminals in more than 50 ports around the world.   © Reuters

Singapore state-controlled port operator PSA International is considering selling its 20% stake in the port business of Hong Kong conglomerate CK Hutchison Holdings, according to people close to PSA's controlling shareholder, Temasek Holdings.

PSA is reviewing its portfolio against the backdrop of geopolitical change and declining global trade demand, the sources said. The evaluation is in an early stage, and the price is unknown, they said.

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