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.
Daily Express US on MSN1d
Billionaire agrees to $22bn Panama Canal deal after Donald Trump China outrage
Most of the stakes in key ports on the Panama Canal are owned by a Hong Kong-based company and are set to be sold off after Trump announced his waterway plans.
US president’s Panama Canal move, while having made a lot of money for HK tycoon, is more like misdirected fire than a win over Beijing
US president’s Panama Canal move, while having made a lot of money for HK tycoon, is more like misdirected fire than a win over Beijing.
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.
1 word to unpack Hutchison’s exit from Panama and other ports: geopolitics
Li Ka-shing's company would have come under increased US scrutiny and risked fight in American court if it held on to overseas docks, sources say CK Hutchison Holdings' decision to sell its port operations in the Panama Canal and elsewhere is to mitigate against geopolitical risks even though it framed it as a purely commercial move,
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
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.
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.
As Trump hails taking back of Panama Canal, Hong Kong Inc walks tightrope
The flash sale of a Hong Kong-owned global ports business highlights geopolitical volatility, executives and analysts said.
OilPrice.com4d
BlackRock Buys Key Panama Ports Amid U.S.-China Tensions
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.
How billionaire elites answered Trump’s call on Panama
Li Ka-shing, Larry Fink and Adebayo Ogunlesi picked up the phone and struck a $36 billion deal to take over 43 ports within weeks.