According to the Wall Street Journal, Asciano has signed a 60-day memorandum with China Merchants relating to the sale of stakes in container ports.

Goldman Sachs and JP Morgan have reportedly been hired as advisors on the transaction.

Asciano said: “It has been, and continues to be, in discussions with third parties in relation to a potential sale of a non-controlling interest in its Terminals & Logistics business division.”

“These