BlackRock strikes $23 billion deal to place Panama Canal ports under American control
Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock consortium.
BlackRock to Acquire Two Panama Canal Ports for $23B
An investment group led by asset manager BlackRock has announced a deal to acquire two ports on either end of the Panama Canal for a total $23 billion, according to The New York Times. Hong Kong-based CK Hutchison Holding,
BlackRock (BLK) Pays $22 Billion for Majority Stake in Ports on Either Side of Panama Canal
U.S. asset manager BlackRock (BLK) has taken majority stakes in the ports on either side of the Panama Canal in a deal worth $22.8 billion.
BlackRock-led consortium forges deal for key Panama Canal ports
The $23 billion deal, which also includes its global infrastructure investing arm, highlights the behemoth asset manager's broad ambitions in private market investing.
BlackRock Leads Consortium Buying Panama Canal Ports for Nearly $23B
BlackRock, its recently acquired Global Infrastructure Partners, and Terminal Investment Limited are purchasing a 90% stake in CK Hutchinson's Panama Ports Company, which owns and operates the Balboa and Cristobal ports in Panama.
BlackRock’s Ports Deal Marks New Reach, Hands Win to Trump
CK Hutchison Holdings Ltd., the Hong Kong-based conglomerate, agreed to sell control of a unit that operates ports near the Panama Canal after pressure from US President Donald Trump to limit Chinese interests in the region.
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.
CK Hutchison to sell stake in Panama ports to BlackRock group amid Trump pressure
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,
Hong Kong company says it will sell Panama Canal ports to U.S. investment group, following Trump attacks
A Hong Kong-based corporation announced plans on Tuesday to sell its stake in two Panama Canal ports to an investment group led by BlackRock — a deal that would put crucial ports under American corporate ownership amid growing tensions between Panama and the Trump administration.
BlackRock's $23 Billion Panama Canal Deal: What We Know So Far
The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructu
Trump hails 'reclaiming' of Panama Canal after BlackRock-led group's deal to buy stake
U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, including assets it holds along the Panama Canal.
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 ...
BlackRock’s ‘Woke’ Era Is Over
The asset manager has dropped out of climate groups and eliminated diversity targets as it tries to put ESG controversy ...
Blackrock-led investor group acquires Clearwater company in bankruptcy sale
Major investment firms Bain Capital, Blackstone and Abry Partners partnered with Blackrock to purchase substantially all of ...