CK Hutchison's Panama Port Sale to BlackRock Faces Geopolitical and Regulatory Challenges

The $19 billion deal draws Beijing's ire, U.S. praise, and scrutiny from the Panamanian government as CK Hutchison cancels earnings conferences.

CK Hutchison's $19 billion sale of global port assets, including two near the Panama Canal, to a BlackRock-led consortium has sparked geopolitical tensions.
Beijing has criticized the deal as a betrayal of Chinese national interests, with state agencies republishing scathing commentaries questioning CK Hutchison's alignment.
The Panamanian government is reviewing the transaction to ensure public interest is protected, with final approval still pending.
CK Hutchison's shares have dropped significantly, and the company has canceled its usual earnings conferences, raising investor concerns.
Hong Kong leader John Lee acknowledged the criticism, stating that concerns over the deal warrant serious attention while urging fair treatment for Hong Kong enterprises.