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BlackRock Strikes Deal for Panama Ports

CBS News on MSN · 33m

BlackRock $23 billion deal places key Panama ports under U.S. control

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.

The Wall Street Journal on MSN · 22m

BlackRock Strikes Deal for Panama Ports After U.S. Pressure

A consortium of investors led by BlackRock agreed to buy majority stakes in ports on either end of the Panama Canal, putting U.S. firms in control of two ports that President Trump raised as a security concern because of their connection to China.

Post and Courier · 9h

US investors led by BlackRock strike deal to bring Panama Canal ports under American control

A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting them

1h

CK Hutchison shares jump 22% after Panama Canal stake sale to BlackRock

CK Hutchison stock gained more than 22% on Wednesday after the Hong Kong conglomerate sold a majority stake in a $22.8 ...

5h

After Trump Applies Pressure, Wall Street Giant Moves Into Panama

An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been ...

12h

Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route

Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.

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