The deal with the BlackRock-led consortium includes 90% of Panama Ports Company
– US President Donald Trump has hailed a deal led by US firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal .
"Just today, a large American company announced they are buying both ports around the Panama Canal and lots of other things having to do with the Panama Canal and a couple of other canals." The conglomerate's stock rose as much 24.7% on Wednesday, outpacing a 1.7% rise in Hong Kong's broader Hang Seng Index. Its price is now the highest since August 1, 2023.
"I would like to stress that the transaction is purely commercial in nature and wholly unrelated to recent political news reports concerning the Panama Ports," CK Hutchison co-managing director Frank Sixt in a statement. Sixt said the transaction was the result of "a rapid, discrete but competitive process" during which CK Hutchison received numerous bids and expressions of interest.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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