Hong Kong-listed OOIL is selling its Port of Long Beach container terminal (I didn’t hear about this so I thought I would share) Hong Kong-listed OOIL is set to kick off the sale process of its Port of Long Beach container terminal on the US West Coast next month in a multibillion dollar deal, likely attracting mainly North American private equity, pension funds, and other financial investors. The sale could be one of the largest terminal deals ever, dwarfing the $2.4 billion sale of OOIL's terminals on the US East Eoast and in Vancouver, Canada, in 2006. OOIL box line subsidiary OOCL agreed to a 40-year, $4.6 billion lease for the Middle Harbor terminal in Long Beach, California, in 2012. "Terminal giants will follow the sales process when it starts next month but it will be pension funds, investment companies, etc. who will make the investment," a financial adviser with knowledge of the deal told Fairplay, a sister product of JOC.com. The current management team is likely to be kept on by the new owner, the financial advisor said, whose views were echoed by Tim Smith, Asia Pacific head of Maersk's terminal company, APM Terminals. These are potential bidders. I found this on 8chan...