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As Trump hails taking back of Panama Canal, Hong Kong Inc walks tightrope
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After Trump threats, Hong Kong firm to sell stake in Panama Canal ports
Hong Kong Company Sells Panama Ports To BlackRock Following Trump's Threats To Take Over Canal
Hong Kong-based CK Hutchison sold control of a unit that operates ports near the Panama Canal to BlackRock as Trump alleges the canal is controlled by China
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Hong Kong Firm To Sell Stake in Panama Canal Ports to U.S., Swiss Investors - TaiwanPlus NewsHong Kong firm CK Hutchinson has announced plans to sell its stake in Panama Canal ports as part of a US$22.8 billion deal. An investor group backed by U.S. investment firm Blackrock will take a controlling stake in ports in over a dozen countries.
An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been the subject of a dispute between President Trump and Panama.
There is growing concern that maritime operations could be ensnared by forces beyond their control in a military clash. Read more at straitstimes.com.
(Reuters) - Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in Hutchison Ports Group for an equity value of $14.21 billion.
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