Panama, Business, World news, Americas, International trade Business | The Guardian
CK Hutchinson Holdings says consortium will buy 80% stake in ports Trump has claimed are under Chinese controlHong Kong’s CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in a unit that controls ports in Panama for an equity value of $14.21bn.The sale of 90% interest in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal, comes as the US president, Donald Trump, piles on pressure to end what he sees as China’s influence and control over the Panama canal. Continue reading…
CK Hutchinson Holdings says consortium will buy 80% stake in ports Trump has claimed are under Chinese control
Hong Kong’s CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in a unit that controls ports in Panama for an equity value of $14.21bn.
The sale of 90% interest in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal, comes as the US president, Donald Trump, piles on pressure to end what he sees as China’s influence and control over the Panama canal.
