BlackRock inks $23B deal for Panama Canal ports
BlackRock is acquiring the ports of Balboa and Cristobal at the Panama Canal
By News on the Net -- Fox Business & Collin Rugg—— Bio and Archives--March 4, 2025
News in Brief—News Headlines | Comments | Back To Full Article
BlackRock on Tuesday announced the purchase of the ports at the Panama Canal that President Donald Trump raised security concerns regarding their connections to China.
BlackRock announced the $22.8 billion deal with CK Hutchison's subsidiary Hutchison Port Holdings, which will see the firm acquire the Panama ports of Cristobal and Balboa, which are located at the Atlantic and Pacific ends of the canal, respectively. It will also acquire Hutchison's controlling interest in 43 ports in 23 other countries. -- More...
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