CK Hutchison Holdings will sell 90% of its shares in Panama Ports Company and another series of ports to a group led by the giant asset manager Blackrock for US $ 19 billion.
Hutchison is owner and operates The ports of Balboa and Cristóbal at the Pacific and Atlantic ends of the interoceanic channel.
The sale of the PPC “will be carried out separately once the Panama Government Confirm the proposed terms for sale“The statement said.
From who assumed power on January 20Trump has denounced the alleged control of the Panama Canal by China.
Bajo una fuerte presión del presidente de Estados Unidos, Donald Trump, la firma Hutchison de Hong Kong anuncia que acordó ceder su participación en la operación del Canal de Panamá y otras instalaciones portuarias a un consorcio estadounidense #AFP pic.twitter.com/yrTxwiOSGv
— Agence France-Presse (@AFPespanol) March 4, 2025
Also read: Donald Trump announces that TSMC will invest almost US $ 100 billion in the US.