BlackRock and MSC forge $22.8bn CK Hutchison deal that includes ports under Trump pressure
Investment giant BlackRock has teamed up with Diego Aponte-led MSC Group to buy Panama Ports Co, which had come under pressure from Trump Administration officials, as part of a sweeping $22.8bn deal with CK Hutchison Holdings.
BlackRock to buy Hong Kong firm's Panama Canal port stake amid Trump pressure
The sale of 90% interest in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal, comes as U.S. President Donald Trump piles on pressure to end what he sees as China's influence and control over the Panama Canal.
BlackRock-TiL Consortium agrees acquisition of Panama Canal ports from CK Hutchison
The BlackRock-Terminal Investment Limited (TIL) Consortium has agreed the US$22.8m acquisition of 43 ports globally from CK Hutchison Holdings Limited, including the ports of Balboa and Cristobal in Panama.
BlackRock strikes deal to bring Panama Canal ports 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 shipping lane.
BlackRock $23 billion deal places key Panama ports under U.S. control
Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock consortium.
What would the Port of Felixstowe's sale mean?
Mr Ling said MSC would "hopefully bring spark and drive and energy to the Port of Felixstowe and Ipswich area and its ...
East Anglian Daily Times 243h
Hopes Felixstowe port sale can boost roads and rail
Transport bosses and business chiefs have said the takeover of Felixstowe port is "exciting news" and hope the owners will lobby ...
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While Tories look for a leader, UK hit by strikes: Felixstowe closed for eight days
The Unite union behind the Felixstowe Port strike failed to reach an agreement with the parent company operating the port, Hutchison Ports. Workers went ahead instead with their strike ...
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How will shipping giant's move affect major port?
The Port of Felixstowe, which is owned by Hutchison Ports which has its headquarters in Hong Kong, has been asked for comment.
East Anglian Daily Times 2422h
Suffolk port sold to MSC consortium in £15 billion deal
Port of Felixstowe owner CK Hutchison has announced that the port is being sold to a consortium including MSC in a £15 billion deal.