Ground Transportation
Hong Kong's CTF Solutions in speak to sell China toll roads for $2 bln, Bloomberg News reports
Hong Kong's CTF Providers, part of the corporation owned by billionaire tycoon Henry Cheng and family, remains in early talks with China's stateowned Yuexiu Group to offer a bundle of interstate worth $2 billion, Bloomberg News reported on Tuesday. The construction company, previously referred to as NWS Holdings, has also held talks with other buyers and could offer the package of roadways in smaller chunks, the report said, pointing out unnamed sources. CTF Services and Yuexiu did not right away react to Reuters requests for remark. The potential sale becomes part of a tactical evaluation of possessions to raise money...