China Merchants Port Reportedly Considers New Bid for Antong's Intermodal Division
China Merchants Port Holdings is reportedly considering a new bid for the intermodal business of the financially troubled Antong Holdings. This potential move comes after a previous acquisition attempt by another China Merchants subsidiary failed in 2020. Antong, China's third-largest domestic container line, has been in a pre-restructuring process due to significant debt. The deal would target Antong's core logistics and shipping assets. This potential acquisition highlights a broader consolidation trend within China's state-owned shipping and port industry.
Official Source: https://theloadstar.com/china-merchants-may-be-eyeing-new-bid-for-antongs-intermodal-operation/
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