China Merchants Group is in talks to join a consortium bidding for dozens of CK Hutchison ports, people familiar with the matter said, reviving momentum in a deal that had stalled amid geopolitical tensions. The group could help state-owned Cosco Shipping finance the acquisition, with both firms seeking rare exposure to over 40 ports. The consortium also includes BlackRock’s GIP fund and Terminal Investment Ltd. The talks remain complex and require regulatory approvals from both China and the US

China Merchants Group is in talks to join a consortium bidding for dozens of CK Hutchison ports, people familiar with the matter said, reviving momentum in a deal that had stalled amid geopolitical tensions. The group could help state-owned Cosco Shipping finance the acquisition, with both firms seeking rare exposure to over 40 ports. The consortium also includes BlackRock’s GIP fund and Terminal Investment Ltd. The talks remain complex and require regulatory approvals from both China and the US.