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Panama Canal ports sold to BlackRock in victory for Trump

BlackRock Inc. Has agreed to buy shares in Hutchison Port Holdings and Hutchison Port Group Holdings, which operate ports near the Panama Canal, for $22.8 billion following concerns over Chinese control.
The consortium investing with BlackRock will acquire a 90% interest in Panama Ports Company, owning the ports of Balboa and Cristobal in Panama.
U.S. Secretary of State Marco Rubio emphasized to President José Raúl Mulino the need to reduce Chinese influence over the canal after visiting Panama in February.
Panama's decision to exit China's Belt and Road Initiative followed Rubio's visit, causing a backlash from Beijing regarding their interests in the canal.

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Dawn

Hong Kong firm offloads Panama ports after pressure by Trump

PANAMA CITY: Under fierce pressure from US President Donald Trump, Hong Kong firm Hutchison said on Tuesday it had agreed to sell its lucrative Panama Canal ports to a US-led consortium. CK Hutchison Holdings said it would offload a 90-per cent stake in the Panama Ports Company (PPC) and sell a slew of other non-Chinese ports to a group led by giant asset manager BlackRock. The sellers will receive $19 billion in cash, the company said in a stat…

15 hours ago·Pakistan

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Investopedia

BlackRock Leads Consortium Buying Panama Canal Ports for Nearly $23B

The ports surrounding the Panama Canal are about to come under American ownership.

24 hours ago

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American Military News

BlackRock’s ports deal in Panama marks new reach, hands win to Trump

BlackRock Inc. led one of the biggest acquisitions of the year in a deal that marked both the firm’s expanded reach in infrastructure and a win for U.S. President Donald Trump, who had raised concerns over control of key ports near the Panama Canal. The world’s biggest asset manager led a consortium that will buy a controlling stake in Panama ports that had become a political lightning rod and a larger unit that has operations across 23 countrie…

24 hours ago

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Green Matters

Panama Canal Ports Set To Be Sold to U.S. Firm BlackRock

The country of Panama has no plans to hand control of the Panama Canal back to the U.S. government despite planned sale. Can U.S. actually take the Panama Canal back?

24 hours ago·New York, United States

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junge Welt

US imperialism trumps: China goes off board

The Blackrock Shadow Bank has taken over two Panamanian ports from Hong Kong's CK Hutchison. "The channel was built by Americans for Americans, not others," Trump proudly announced before Congress.

1 day ago

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