Li Ka-Shing’s CK Hutchison To Sell Panama Canal Ports To BlackRock As Part Of $23 Billion Deal
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-CK Hutchison Port Deal Shines Light on US Law Firm Paul Hastings
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,
Li Ka-shing’s CK Life expects annual loss on higher R&D outlay, lower vineyard value
The company said the loss for 2024 could come in at HK$126.6 million (US$16.3 million) versus a profit of HK$17.3 million the previous year
Yicai Global5d
Li Ka-shing’s CK Hutchison Soars After Pulling Out of Panama via USD19 Billion Port Asset Sale
(Yicai) March 5 -- Shares of CK Hutchison Holdings, owned by Chinese billionaire Li Ka-shing, surged over 20 percent after the conglomerate announced the sale of major port assets -- including two strategically significant ports for the United States in Panama -- to a consortium led by American asset manager BlackRock for USD19 billion in cash.
CDL’s future under scrutiny; HPH Trust jumps after CK Hutchison sells port assets to US
Analysts suggest it may be time for CDL to professionalise its board and appoint non-family members to lead the company. Read more at straitstimes.com.
S&P expresses concern about CK Hutchison’s diversification after ports sale
The completion of the transaction could also lead us to revisit our assessment of CKHH’s business diversification,’ S&P says.
Nikkei Asia5d
Li Ka-shing family's CK Hutchison to sell Panama port assets to BlackRock
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.
How Li Ka-shing turned Hong Kong’s CK Hutchison into a Panama power player
The Post revisits how firm’s port empire was built and looks ahead at what the surprise divestment means for future of world trade.
The Business Times6d
Li Ka-shing escapes Trump glare with US$19 billion
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.
Latin Times on MSN6d
Hong Kong Company Sells Panama Ports To BlackRock Following Trump's Threats To Take Over Canal
Hong Kong-based CK Hutchison sold control of a unit that operates ports near the Panama Canal to BlackRock as Trump alleges the canal is controlled by China
CNA5d
CK Hutchison stocks jump 25% after sale of Panama ports stake
Shares in CK Hutchison soared 25 per cent in Hong Kong on Wednesday (Mar 5) after it agreed to sell its lucrative Panama Canal ports to a US-led consortium under fierce pressure from US President Donald Trump.