Independent journal on economy and transport policy
13:37 GMT+1
Hutchison Whampoa unit buys into Indon container terminals
(Shipping Times)
April 1, 1999
[JAKARTA]
A unit of Hongkong tycoon Li Ka-Shing's Hutchison Whampoa Ltd will purchase a 51 per cent stake in two container terminals in the Jakarta port, the Indonesian government said yesterday.
Hutchison subsidiary Grosbeak Pte Ltd will pay US$215 million (S$372 million) in the deal which marks the privatisation of container terminals I and II at the ...... Read more on Shipping Times
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