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Investing.com -- China’s foreign ministry has called for cautious action from all parties involved in the planned sale of CK Hutchison’s majority port operations to a consortium led by BlackRock (NYSE:BLK), according to state news agency Xinhua.
The Hong Kong-based conglomerate’s sale has attracted political attention due to two of the ports being located next to the strategically significant Panama Canal, amidst escalating trade tensions between the U.S. and China.
The Wall Street Journal reported on April 16, citing sources familiar with the matter, that the MSC shipping empire, a member of the BlackRock consortium, has been in talks about proceeding with the majority of the deal while disputes over the two Panama ports are settled.
Guo Jiakun, a spokesperson for the foreign ministry, acknowledged the reports during a regular press briefing, as reported by Xinhua. In addition, the spokesperson encouraged the involved parties to maintain open communication with the relevant Chinese departments.
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