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International Business Times

Business

CK Hutchison Eyes 'Major' Chinese Investor For Panama Ports Deal

CK Hutchison Panama United States China Hong Kong Panama Canal Cosco

Cranes and containers are seen along the Panama Canal. Hong Kong conglomerate CK Hutchison said it was considering inviting a Chinese "major strategic investor" to join a US-led consortium negotiating the sale of its global ports business, including operations at the Panama Canal. (Credit: AFP)

Hong Kong conglomerate CK Hutchison said Monday it was considering inviting a Chinese "major strategic investor" to join a US-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal.

The firm said in March it was offloading the ports -- including operations in the vital Central American waterway -- to a group led by asset manager BlackRock for $19 billion in cash.

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