An investment group led by asset manager BlackRock has announced a deal to acquire two ports on either end of the Panama Canal for a total $23 billion, according to The New York Times. Hong Kong-based CK Hutchison Holding,

BlackRock, its recently acquired Global Infrastructure Partners, and Terminal Investment Limited are purchasing a 90% stake in CK Hutchinson's Panama Ports Company, which owns and operates the Balboa and Cristobal ports in Panama.