BlackRock to buy HK firm’s Panama Canal port stake amid tRump pressure
"sale of #Panama ports licences held by unit of billionaire Li Ka-shing’s conglomerate to a consortium tt incls #BlackRock, Global #Infrastructure Partners & (🤔ominous?) #TerminalInvestment will give it control of 80% interest in Hutchison Ports for equity value of US$14.2bil. It'll get control of 43 ports compr'g 199 berths in 23 countries while deliv'g cash proceeds >US$19b for e HK-based consortium"
https://www.straitstimes.com/business/companies-markets/ck-hutchison-sells-panama-ports-to-blackrock-amid-trump-pressure

An investor group backed by BlackRock has agreed to buy a majority stake in the Hong Kong subsidiary that runs ports along either side of the Panama Canal. https://www.japantimes.co.jp/business/2025/03/05/companies/blackrock-hong-kong-panama-canal/?utm_medium=Social&utm_source=mastodon #business #companies #blackrock #hongkong #panamacanal #donaldtrump #china #shipping #trade #us #centralamerica #panama #likashing #globalinfrastructurepartners #terminalinvestment #ckhutchison