CK Hutchison Confirms Italian Tycoon’s Lead Role in Ports Deal

CK Hutchison Holdings Ltd. has told investors that Italian billionaire Gianluigi Aponte’s family-run business is the “main investor” of a group seeking to buy its global ports and that the sale won’t proceed until after various authorities vet the deal.

The comments from co-managing director Dominic Lai came in response to questions from investors during the Hong Kong-based conglomerate’s annual general meeting, an official transcript of the gathering on Thursday showed.