COSCO Shipping Holdings’ sale of the Long Beach Container Terminal (LBCT) has reportedly sparked interest from U.S. private equity firm Blackstone Group LP and compatriot private investment company KKR & Co., Bloomberg reported.
The terminal divestment is being pursued by COSCO as part of its USD 6.3 billion takeover of Orient Overseas International Limited (OOIL), a concession required by the U.S. regulators in order to clear the merger.
