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| CK Hutchison Sells Panama Ports to BlackRock Amid Trump Pressure |
| 2025-03-05 |
| Smell the fail [Bloomberg] CK Hutchison Holdings Ltd., the Hong Kong-based conglomerate, agreed to sell control of a unit that operates ports near the Panama Canal after pressure from US President Donald Trump to limit Chinese interests in the region. A consortium including BlackRock Inc., Global Infrastructure Partners, and Terminal Investment Ltd. reached a deal in principle to acquire units that hold 80% of the Hutchison Ports group, which operates 43 ports in 23 countries. The consortium will also acquire 90% of Panama Ports Co., which operates the two ports in Balboa and Cristobal. The transactions will deliver cash proceeds of $19 billion to CK Hutchison, the company said Tuesday in a statement. Trump has said he wants the US to regain control of the Panama Canal, which was handed over to the local government in 1999, arguing without evidence that China has taken over the waterway. Panama’s government had been weighing whether to cancel its contract with CK Hutchison to operate the ports, Bloomberg reported last month. Hutchison has run the ports in Panama’s Balboa and Cristobal under a concession that was first signed in 1997 and, in 2021, extended until 2047. Related: Panama Canal: 2025-02-22 Trump: ‘I really am’ fine with any decision Israel makes — continue truce or resume war Panama Canal: 2025-02-21 US sends commander to Panama to "secure" canal against Chinese influence; Beijing dubs claim "a lie" Panama Canal: 2025-02-20 BRICS, Boers, & Beginning Battle With China In South Africa: Examining The US Pressure Campaign Related: BlackRock 02/14/2025 New York Stock Exchange plans exchange in 'pro-business' Texas BlackRock 02/10/2025 Whitney Webb New Prediction: 'You Have NO IDEA What BlackRock Has Planned For You In 2025' BlackRock 02/07/2025 Panicked college students deleting online info after Trump's promise to deport Hamas sympathizers |
| Posted by:NoMoreBS |
| #2 |
| Posted by: Muggsy Peacock6312 2025-03-05 06:21 |
| #1 |
| Posted by: Woodrow 2025-03-05 06:13 |