CK Hutchison's $19 Billion Port Sale to BlackRock Faces Chinese Criticism and Panamanian Review

The deal, involving strategic ports near the Panama Canal, highlights geopolitical tensions and awaits Panama's government approval.

CK Hutchison has agreed to sell most of its global ports business, including assets near the Panama Canal, to a BlackRock-led consortium for over $19 billion.
The Panamanian government is reviewing the deal, requesting legal and financial documents after claiming it was not informed in advance.
Chinese state media has condemned the sale as a betrayal of national interests, warning of increased costs and risks for Chinese shipping and trade.
CK Hutchison has decided not to hold earnings calls this week, following backlash over the transaction and pressure from Chinese authorities.
U.S. President Donald Trump has praised the deal as a move to reduce Chinese influence, while making unsubstantiated claims about U.S. plans to 'reclaim' the Panama Canal.