BlackRock Consortium Buys Stakes in Panama Canal Ports! This Move Could Play Into Trump's Hands!
Reading Time: 4 minutes
In a press release dated March 4, 2025, the Hong Kong-based Chinese conglomerate CK Hutchison Holdings (CKHUY/CKHUF) announced that it is selling its 90% stake in Hutchison Port Holdings to a consortium backed by the asset management giant BlackRock (BLK). This gives control of two key ports to an American company. CK Hutchison's stock increased by more than 17% during the trading day on Wednesday. BlackRock-TIL consortium buys 90% of Chinese Hutchison Port Holdings CK Hutchison is one of the world's leading container terminal operators and...
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