🇨🇳🇵🇦🇺🇸 BlackRock to Acquire Two Key Ports in the Panama Canal from Chinese Ownership – Financial Times
The U.S. investment firm BlackRock has reached an agreement to purchase two major ports in the Panama Canal from their current Hong Kong-based owner, according to Financial Times.
The deal follows repeated concerns from U.S. President Donald Trump about alleged Chinese influence over the canal. Trump had even suggested using force to reclaim control over key infrastructure.
As part of the agreement, Hong Kong's CK Hutchison will sell its stake to a consortium that includes BlackRock, Global Infrastructure Partners, and Terminal Investment. The consortium will acquire a 90% share in CK Hutchison’s subsidiary that operates the two Panamanian ports.
