CK Hutchison will not sign deal to sell strategic Panama ports to Blackrock next week, source says

According to a statement by the multinational conglomerate CK Hutchinson, based in Hong Kong, the agreement on the concession of the ports of Balboa and Cristóbal that had to be signed on April 2 with the US consortium BlackRock-TiL, formed by the companies BlackRock Inc., Global Infrastructure Partners and Terminal Investment Ltd., will be reviewed. READ ALSO Colombia and Panama will "collaborate" to give "humanitarian treatment" to migrants Th…

The 23 billion dollar deal will not be signed on April 2. The opposition of the Beijing government and the pressure on the Ck Hutchison group

Billionaire Li Ka-shing, Hong Kong's most famous tycoon, will not go ahead with the planned signing next week of a controversial agreement to sell his Panama Canal ports to a consortium that includes BlackRock, according to media reports. Although CK Hutchison Holdings, Li's flagship company, will not sign the agreement, scheduled for April 2, this does not mean that the sale has been cancelled, South China Morning Post reported. There are still…

CK Hutchison to delay signing of deal to sell Panama ports: media reports

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Panama Canal ports sale has been put on hold by Chinese regulators

Chinese antitrust regulators are investigating a US consortium’s deal for two ports in the Panama Canal zone, delaying the deal’s closing that was originally set for next week.

CK Hutchison will not sign deal to sell strategic Panama ports to Blackrock next week, source says