Chinese state port operator's India and Vietnam acquisitions stall

Government approvals for China Merchants Port purchases 'delayed'

20200828 Cai Mep

China Merchants Port Holdings has been unable to complete its purchase of a stake in a new terminal at Vietnam's Cai Mep port. 

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

HONG KONG -- A billion-dollar deal by China Merchants Port Holdings, a state-owned enterprise that has been a leading investor in overseas ports, to acquire half of a French-owned portfolio of shipping terminals has been stalled by authorities in India and Vietnam.

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