By South China Morning Post | Created at 2025-03-04 16:11:22 | Updated at 2025-03-04 19:19:02
3 hours ago
CK Hutchison Holdings announced on Tuesday that the Hong Kong-based conglomerate agreed to sell control of a unit operating ports near the Panama Canal after US President Donald Trump said he wanted the US to regain control of the critical trade route.
A consortium including BlackRock, Global Infrastructure Partners and Terminal Investment Ltd reached a preliminary deal to acquire units that hold 80 per cent of the Hutchison Ports group, worth about US$20 billion (HK$155 billion), CK Hutchison said in a statement.
The consortium will also acquire 90 per cent of Panama Ports, which operates the two ports in Balboa and Cristobal.
More to follow …
