BlackRock Agrees to Buy Panama Canal Ports as Trump Continues Threats
BlackRock, America’s largest asset manager which handles over $11 trillion in assets, has agreed to purchase two ports on either end of the Panama Canal. BlackRock is buying the ports from Hong Kong-based CK Hutchison in a deal worth about $22.8 billion.
BlackRock’s move reflects the view that America’s best chance to counter China will hinge on private investment.
That looks set to end. CK Hutchison has reached an agreement that will see the BlackRock-TiL Consortium (BlackRock Inc., ...
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 ...
The deal puts U.S. firms in control of two ports that President Trump raised as a security concern because of their ...
The trade war is already sending merger troops to the front line. BlackRock shook hands on a deal to buy ports along the ...
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.
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