Hutchison may raise stake

Hutchison may raise stake

HONG KONG (Dow Jones): The container port arm of Hutchison
Whampoa Ltd. is considering increasing its stake in Jakarta
International Container Terminal, a Hong Kong newspaper reported
Tuesday.

However, a spokeswoman from Hutchison Port Holdings Ltd.
declined to comment on the newspaper report and said the stake
wasn't changing.

The Hong Kong Economic Journal quoted sources in Indonesia as
saying Hutchison Port may increase its stake in the Indonesian
terminal operator from 51 percent to 65 percent.

Grosbeak, a wholly owned subsidiary of Hutchison Port Holdings
and a unit of Hutchison Whampoa Ltd., acquired 51 percent of
Jakarta International Container Terminal for US$243 million in
April.

The Hutchison spokeswoman said the container port operator
will continue to hold 51 percent of the Indonesian port.

Jakarta International Container Terminal is owned by PT
Pelabuhan Indonesia II.