CK Hutchison’s Panama ports sale moves forward despite China’s concerns– Bloomberg

Published 26/03/2025, 04:28
© Reuters.

Investing.com-- CK Hutchison Holdings Ltd’s (HK:0001) plan to sell two Panama ports to a consortium led by BlackRock Inc (NYSE:BLK) remains on track, with the parties working toward finalizing the deal by April 2, Bloomberg reported on Wednesday, citing sources familiar with the matter.

The consortium, which includes BlackRock’s Global Infrastructure Partners LP and Terminal Investment Ltd., is progressing with due diligence, tax, and accounting procedures, the report said.

The broader $19 billion sale of 41 CK Hutchison ports also continues as planned, the Bloomberg report stated.

The exclusive 145-day negotiation period for the deal limits other potential bidders, such as Chinese state-owned firms, Bloomberg reported.

China has raised concerns over the transaction, with senior officials reportedly examining the deal for potential national security and antitrust violations, according to the report.

Beijing has expressed displeasure over the sale, particularly after U.S. President Donald Trump framed it as reducing Chinese influence in the Panama Canal. However, CK Hutchison has not commented on whether it will alter its plans, the Bloomberg report added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.