US Edition
CK Hutchison to Invite ‘Major’ Chinese Investor for $23bn Panama Ports Deal
PANAMA, JUL 28 – CK Hutchison plans to include a major Chinese investor, likely COSCO, in its $22.8 billion global ports sale to address regulatory and geopolitical challenges, analysts said.
- CK Hutchison Holdings is negotiating a $22.8 billion sale of its global ports network, including two key Panama Canal ports, with a BlackRock-led consortium.
- The deal has faced delays because Beijing objects to the lack of a major Chinese investor, prompting Hutchison to propose inviting a significant Chinese partner, likely state-owned Cosco.
- Cosco, China’s largest shipping company, seeks veto power within the consortium, complicating US-China tensions amid Trump’s efforts to limit Chinese influence in Panama’s strategic ports.
- CK Hutchison stated it will not proceed without all relevant approvals and continues talks to find a workable arrangement, acknowledging that changes are needed for regulatory clearance.
- The inclusion of Cosco may ease Chinese regulatory hurdles but risks straining US relations, suggesting the sale outcome remains uncertain amid geopolitical and economic pressures.
42 Articles
42 Articles
Sydney Morning Herald
Trump will be furious as China gatecrashes $35 billion party
China has seemingly managed to muscle its way into the sale of CK Hutchison’s sprawling ports business, which includes ports at either end of the Panama Canal that Donald Trump had hoped to gain control of for the US
Who Wins Panama's Ports—U.S. or China? Battle Remains Unresolved
CK Hutchison Holdings, the major Hong Kong-based operator of international ports, is trying to sell its large network of shipping terminals. The deal includes two vital ports at the Panama Canal and is being negotiated with a partnership led by American investment giant BlackRock and shipping heavyweight MSC. The $22.8 billion deal, covering 43 ports […]
CK Hutchison to Invite Chinese Investor to Join Global Port Deal
Hong Kong-based conglomerate CK Hutchison Holdings said it plans to invite a “major strategic investor” from China to join the consortium seeking to buy its global port assets, a portfolio that includes two terminals at either end of the Panama Canal. The announcement came on July 28, following the expiration of a 145-day exclusivity period for negotiations on the proposed $22.8 billion sale. That window was set in March, when CK Hutchison, owne…
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