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Latin Times
Latin Times
Politics
Maria Villarroel

Hong Kong Company Sells Panama Ports To BlackRock Following Trump's Threats To Take Over Canal

BlackRock Hong Kong CK Hutchison Donald Trump Panama Hutchison Li Kashing the Panama Canal China United States
CK Hutchison sold control of a unit that operates ports near the Panama Canal as Trump alleges the canal is controlled by the Chinese. (Credit: Getty Images)

A Hong Kong-based conglomerate agreed to sell control of a unit that operates ports near the Panama Canal after rising pressures from U.S. President Donald Trump, including threats to take over the waterway.

The ports' Hong Kong-based owner, CK Hutchison, will sell the business to a consortium, including BlackRock, Global Infrastructure Partners and Terminal Investment, according to a company statement on Tuesday.

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