The flash sale of a Hong Kong-owned global ports business highlights geopolitical volatility, executives and analysts said.
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is selling its control in a firm that ran two ports on the canal.
Panama President José Raúl Mulino has accused U.S. President Donald Trump of lying when Trump said in his address to Congress the night before that his administration was “reclaiming” the Panama Canal
In a US$23 billion deal, the Hong Kong conglomerate CK Hutchison Holdings will sell all shares in Panama Canal ports to a U.S. consortium including BlackRock.
BlackRock's involvement signals a shift from a Hong Kong-based company to a US-led consortium, aligning with Trump's strategy.
Latin Times on MSN1d
Panama President Slams Trump's Call For 'Recovering' The Canal: 'A New Affront to Our Dignity'Trump has previously rejected assuring the U.S. won't use force to regain control of the waterway as he expresses concerns over alleged Chinese influence
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