CK Hutchison Holdings is set to sell an 80% stake in its Panama Ports Company, which operates Balboa and Cristobal ports in Panama, for $14.21 billion to investors including BlackRock. This sale comes amidst pressures from the U.S. government regarding China's influence over the Panama Canal. CK Hutchison clarified that the deal is strictly commercial, dismissing any connection to the current political climate. Notably, the sale excludes any interests in Hutchison's other global port operations, ensuring a continued focus on existing holdings in Asia.
CK Hutchison Holdings has announced plans for investors, including BlackRock, to purchase an 80% stake in Panama Ports Company for $14.21 billion as part of a larger strategy.
Despite political rumors surrounding the Panama Canal, CK Hutchison stated that the transaction is purely commercial and unrelated to U.S. concerns over Chinese influence in the region.
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