CK Hutchison to sell unit operating near Panama Canal under Trump pressure
- CK Hutchison Holdings agreed to sell a 90% stake in Panama Ports Co. To a US-led consortium due to pressure from US President Donald Trump.
- The deal involves a total cash amount of approximately US$19 billion and covers 43 ports across 23 countries.
- Larry Fink, CEO of BlackRock, stated the transaction shows the consortium's ability to provide investments for clients.
- The Panamanian government emphasized that the sale is a transaction between private companies and asserted that an audit of the Panama Ports Co. Will continue despite the sale.
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Hong Kong firms sells major Panama Canal ports to US firm after Trump pressure
The sale is "wholly unrelated to recent political news", a managing director said but was welcomed by President Donald Trump who said his administration "will be reclaiming" the Panama Canal.
CK Hutchison stocks jump 25% after sale of Panama ports stake
HONG KONG: 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. The firm owned by Hong Kong billionaire Li Ka-shing said it would offload a 90 pe


Panama Canal now effectively under American control as Hong Kong-based firm agrees to sell its stake
The transaction, which must be approved by Panama's government, does not include any interest in a trust that operates ports in Hong Kong, Shenzhen and South China, or any other ports in China
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