Daily Express US on MSN2h
Billionaire agrees to $22bn Panama Canal deal after Donald Trump China outrageMost of the stakes in key ports on the Panama Canal are owned by a Hong Kong-based company and are set to be sold off after Trump announced his waterway plans.
· 4d · on MSN
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
BlackRock to take control of ports in Panama Canal from Hong Kong firm as US worries over Chinese influence grow
BlackRock, the world’s largest asset manager with a portfolio of investments valued at $11.5 trillion, has agreed to purchase majority stakes in ports on both sides of the Panama Canal from Hong Kong-based CK Hutchison in a multipart transaction worth $22.8 billion, the companies announced on Tuesday.
BlackRock buying two Panama Canal ports amid Trump's China threats
A consortium led by BlackRock has bought two ports on either side of the Panama Canal just a few weeks after President Trump threatened to use force to restore U.S. control over the energy chokepoint.
After significant pressure was exerted by President Donald Trump, Chinese company CK Hutchison has agreed to sell its two ports on the Panama Canal to U.S. investment company BlackRock per a ...
Buy-side giant aims to combine public- and private-market investment, technology, and data solutions on one platform.
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