Hong Kong's CK Hutchison is selling its controlling stake in a unit that operates Panama ports to a group including BlackRock, it said on Tuesday as the Trump administration piles up pressure to curb Chinese influence in the region.

CK Hutchison Holdings Ltd., el conglomerado con sede en Hong Kong, acordó vender el control de una unidad que opera puertos cerca del Canal de Panamá tras la presión del presidente de EE.UU. Donald Trump para limitar los intereses chinos en la región.

(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.

Investment giant BlackRock has teamed up with Diego Aponte-led MSC Group to buy Panama Ports Co, which had come under pressure from Trump Administration officials, as part of a sweeping $22.8bn deal with CK Hutchison Holdings.

CK Hutchison is selling a 90% stake in Panama Ports to a consortium with BlackRock, amidst U.S. pressure to reduce Chinese influence. This deal involves control over major ports critical for global trade.

Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in a unit that controls ports in Panama for an equity value of $14.21 billion. The sale of 90% interest in Panama Ports Company,

US President Donald Trump has said he wants the US to regain control of the Panama Canal. Read more at straitstimes.com.

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 Donal

BlackRock on Tuesday said it agreed to acquire two ports serving the Panama Canal from Hong Kong's CK Hutchinson, as part of a larger $22.8 billion deal. Why it matters: President Trump has threatened to retake control of the Panama Canal,