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The Independent UK
The Independent UK
National
Didi Tang and Alex Veiga

Hong Kong firm strikes deal to bring ports on both sides of Panama Canal under US control

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.

In a filing, CK Hutchison Holding said Tuesday that it would sell all shares in Hutchison Port Holdings and all shares in Hutchison Port Group Holdings. The two units hold 80% of the Hutchison Ports group that operates 43 ports in 23 countries.

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