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 to purchase Panama Canal ports in USD 22 billion deal
Hong Kong’s CK Hutchison Holdings is selling its two strategically located Panama ports to an investment group led by U.S. asset management firm BlackRock. The two ports are the Panama Canal’s largest and – according to the Panama Maritime Authority – accounted for 39 percent of the cargo that passed through the canal in 2024.
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-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’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.
Analysis-Republican Officials Rethink BlackRock Bans After Panama Port Deal
A ship sails through the Panama Canal after Hong Kong's CK Hutchison agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, amid pressure from U.S. President Donald Trump to curb China's influence in the region,
BlackRock Takes Over Panama Canal Ports Amid Trump's Pressure
With this move, BlackRock and its consortium take control of one of the world's most strategic infrastructures, while Trump strengthens his influence in global trade politics.
Panama Canal Ports Set To Be Sold to U.S. Firm BlackRock
The country of Panama has no plans to hand control of the Panama Canal back to the U.S. government despite planned sale. Can U.S. actually take the Panama Canal back?
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 ...
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Blackrock-led investor group acquires Clearwater company in bankruptcy sale
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BlackRock Investment Trusts - Net Asset Value(s)
4. For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters ...