CK Hutchison Shares Jump After Panama Ports Stake Sale Agreement with BlackRock
CK Hutchison Holdings shares rose sharply after a consortium of investors led by BlackRock agreed to buy majority stakes in ports on either end of the Panama Canal, which Trump raised as a security concern because of the ports' connection to China.
BlackRock strikes deal to bring ports on both sides of Panama Canal under American control
The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.
The trade war is already sending merger troops to the front line. BlackRock shook hands on a deal to buy ports along the ...
CK Hutchison’s decision could be the start of a pattern of firms forced to rethink their financial strategies, observer says.
ONE of the biggest deals in years has a clear winner on Wall Street: Goldman Sachs Group. Read more at The Business Times.
An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been ...
23hon MSN
CK Hutchison said it would sell 80 per cent of its stakes in 43 ports in 23 countries, including Panama but excluding ...
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US ...
BlackRock Inc. led one of the biggest acquisitions of the year in a deal that marked both the firm’s expanded reach in ...
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