The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he sees as China’s influence over the waterway critical to global trade.

BlackRock ’s $22.8bn takeover of 43 ports owned by billionaire Li Ka-shing’s CK Hutchison, including two at either end of the Panama Canal — before it was announced on Tuesday. The president and top members of his administration,

Hong Kong tycoon Li Ka-shing's CK Hutchison Holdings sold its Panama ports business to a group of investors led by BlackRock. What does this episode tell us about Hong Kong today?

The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he sees as China’s influence over the waterway critical to global trade.

Li Ka-shing’s CK Hutchison Holdings Ltd. has hired law firm Paul Hastings LLP to work on the blockbuster sale of its ports business, a major win for an adviser that rarely cracks the top of M&A league tables,

AFTER a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet. Read more at The Business Times.

A consortium led by BlackRock has bought two ports on either side of the Panama Canal just a few weeks after President Trump threatened to use force to restore U.S. control over the energy chokepoint.

US President Donald Trump, who had raised concerns over control of key ports near the Panama Canal.The world’s biggest asset manager led a consortium that will buy a controlling stake in Panama ports that had become a political lightning rod and a larger unit that has operations across 23 countries.

CKH HOLDINGS (00001.HK) announced on Tuesday (4th) that it reached an agreement with BlackRock-TiL consortium to sell its 80% stake in Hutchison Port Holdings (HPHS), and the deal is expected to bring cash proceeds of more than US$19 billion to CKH HOLDINGS.

BEIJING -- CK Hutchison, the Hong Kong-based conglomerate owned by tycoon Li Ka-shing's family, has agreed to sell port assets including those at the Panama Canal, where U.S. President Donald Trump objected to what he described as Chinese control.

The trade war is already sending merger troops to the front line. BlackRock shook hands on a deal to buy ports along the Panama Canal and beyond from CK Hutchison for $23 billion. It helps boss Larry Fink shore up his infrastructure strategy and provides the Hong Kong-based conglomerate a useful escape from political crosshairs.

After a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet.