BlackRock Agrees to Buy Panama Canal Ports as Trump Continues Threats
BlackRock, America’s largest asset manager which handles over $11 trillion in assets, has agreed to purchase two ports on either end of the Panama Canal. BlackRock is buying the ports from Hong Kong-based CK Hutchison in a deal worth about $22.8 billion.
BlackRock’s move reflects the view that America’s best chance to counter China will hinge on private investment.
That looks set to end. CK Hutchison has reached an agreement that will see the BlackRock-TiL Consortium (BlackRock Inc., ...
The Panama Canal could soon be back in the control of the U.S., after a Hong Kong-based conglomerate agreed to ...
As Trump publicly complained about China’s influence over the canal, Panama’s government weighed whether to cancel its ...
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