BlackRock, the world’s largest asset manager, is reportedly considering backing a bid by Mediterranean Shipping Co. (MSC) to acquire Maher Terminals, the busiest container terminal at the Port of New York-New Jersey. The potential deal, estimated at $3 billion, follows a 33-year lease extension for Maher Terminals. This move comes after BlackRock’s previous attempt to acquire a significant stake in CK Hutchison’s terminal business with MSC was blocked by Beijing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
EXCLUSIVE: BlackRock could bid for largest New York container terminal
BlackRock, the world’s largest asset manager, is reportedly considering backing a bid by Mediterranean Shipping Co. (MSC) to acquire Maher Terminals, the busiest container terminal at the Port of New York-New Jersey. The potential deal, estimated at $3 billion, follows a 33-year lease extension for Maher Terminals. This move comes after BlackRock’s previous attempt to acquire a significant stake in CK Hutchison’s terminal business with MSC was blocked by Beijing.