The Trump administration has called for Panama to reduce Chinese influence on an important trade artery.
Blackrock joined the two major ports at the Panama Canal for $ 22.8 billion. About this is writing FT.
Under the terms of the agreement, the port from the Hong Kong CK Hutchison will sell its part to consortium ports, which includes Blackrock, Global Infrastructure Partners and Terminal Investment Limited. New owners will receive 90% of the company’s shares in Panama. The agreement also provides for the sale of 80% of CK Hutchison port assets to other countries, including the UK, Germany, Southeast Asia and Australia.
Trump repeatedly said that “China controls the ditch of Panama”, causing a reminder to the Panama when he threatened to recover the channel from under the control of Panama. The Trump administration has called for Panama to reduce Chinese influence on an important trading artery, which led to the signing of this Agreement.
This agreement has become an important event in the global infrastructure policy, as ports in the Panama canal are key to traveling goods between the Atlantic and Pacific oceans. CK Hutchison, led by Hong Kong businessman Lee Kashin, is one of the largest operators of the world’s container terminals and owns ports in 23 countries.
Due to political pressure and risk for the business, CK Hutchison decided to sell properties, and BlackRock took the opportunity to end a transaction that would be of benefit to both parties. The final sale will allow Hong Kong conglomerate to receive more than $ 19 billion, which side to use to repay the loans to shareholders.
Despite the political background of this case, the US administration supported the agreement. The general director of BlackRock Larry Fink has conducted negotiations with the Trump’s major representatives to ensure support from the government. Under the terms of the agreement, the consortium will manage important ports not only in Panama, but also in other countries where Chinese influence is maintained.
As you know, Donald Trump threatened in December 2024 The Panama to remove the Panama canal if the country did not stop removing excessively, in his opinion, fee. Subsequently, the Panama leader said the Panama Channel would continue to belong to his country.
Source: korrespondent
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