Panama Canal Ports Sale Agreement Halted by CK Hutchison Holdings and BlackRock

Published: Mar 29, 2025 16:23

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The South China Morning Post and Sing Tao Headline in Hong Kong reported on the 28th that the sale agreement for two strategic ports in the Panama Canal, originally scheduled to be signed on April 2 by CK Hutchison Holdings led by Li Ka-shing, has been urgently halted and will not be signed next week. The transaction, involving BlackRock Group, is valued at $22.8 billion and includes key ports in the Panama Canal and control of 43 ports worldwide, impacting 6% of global maritime trade. Neither CK Hutchison Holdings nor BlackRock immediately responded to requests for comment, and the deal has reached a stalemate.

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