In a US$23 billion deal, the Hong Kong conglomerate CK Hutchison Holdings will sell all shares in Panama Canal ports to a U.S. consortium including BlackRock.
China’s presence in Panama has expanded rapidly, sparking fears in Washington. But Panama has already started shifting its allegiances and announced the transfer of major container ports to a US-led consortium.
Prior to the origination of the plans for the Panama Canal vessels of trade had few options of getting goods from Europe and Asia to N. America.
Trump’s threats to ‘take back’ the canal amid false claims of Chinese influence have sparked nationwide protests and evoked painful memories of 1964, when US troops killed 21 Panamanian student protesters,
A Hong Kong conglomerate is selling its stake in Panama Canal ports to a US-led consortium, including BlackRock. Valued at $23 billion, the deal faces geopolitical tension as US officials criticize China’s alleged influence over canal operations,
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