Blackstone, KKR Pursue $1 Billion Long Beach Terminal

Cosco Shipping Holdings Co.’s sale of a container terminal in Long Beach, California has drawn interest from potential buyers including Blackstone Group LP and KKR & Co., people familiar with the matter said.

EQT Partners and an arm of Macquarie Group Ltd. have also been studying a deal for the asset, the people said, asking not to be identified because the information is private. The facility could be valued at $1 billion or more, depending on the structure of a deal, the people said.