One of the largest global port terminal operators, CK Hutchison, has offered a stake in its pending sale to a Chinese investor. The planned sale of over 40 container terminals for $23 billion to a consortium led by BlackRock includes a major strategic investor from mainland China. Beijing threatened to block the deal if they didn’t receive a cut. The investor is believed to be Chinese maritime conglomerate Cosco, which could receive a stake in 41 port properties. Exclusive negotiation period with the consortium expired, but discussions continue. Cosco may not receive a stake in two port properties near the Panama Canal. Hutchison, BlackRock, and Cosco have not commented on the situation.

Read more at Yahoo Finance: HK company offers stake in port terminals sale to Chinese company