BlackRock to Buy Chinese Ports on Panama Canal
After significant pressure was exerted by President Donald Trump, Chinese company CK Hutchison has agreed to sell its two ports on the Panama Canal to U.S. investment company BlackRock. This move comes after Trump's allegations of excessive Chinese influence over the strategic waterway and his threats to reclaim U.S. control.
Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock ...
CK Hutchison stock gained more than 22% on Wednesday after the Hong Kong conglomerate sold a majority stake in a $22.8 ...
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama ...
BlackRock, the world’s largest asset manager with a portfolio of investments valued at $11.5 trillion, has agreed to purchase majority stakes in ports on both sides of the Panama Canal from Hong ...
An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been ...
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.
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