excalibur
Diamond Member
- Mar 19, 2015
- 24,169
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An interesting twist.
Remains to be seen how this works out.
A consortium of investors led by the controversial firm BlackRock has reportedly agreed to buy a majority stake in the Panama Canal for $23 billion.
“The deal would bring the key ports under American corporate ownership, from Hong Kong-based CK Hutchison … BlackRock has briefed the Trump administration and Congress on the deal,” the Wall Street Journal reported Tuesday, citing a person familiar with the matter. “If completed, the BlackRock deal could go a long way toward easing concerns about China’s influence over the canal.”
The move comes after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.
...
The consortium, comprised of BlackRock, Global Infrastructure Partners and Terminal Investment Limited, will acquire 90% interests in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal in Panama, according to the filing.
Trump supporters met the news with mixed reactions. Conservatives have long criticized BlackRock for, among other things, abusing its market power to push leftist policies. BlackRock was also part of the Democrats’ scheme to rebuild Ukraine after its war with Russia.
...
headlineusa.com
Remains to be seen how this works out.
A consortium of investors led by the controversial firm BlackRock has reportedly agreed to buy a majority stake in the Panama Canal for $23 billion.
“The deal would bring the key ports under American corporate ownership, from Hong Kong-based CK Hutchison … BlackRock has briefed the Trump administration and Congress on the deal,” the Wall Street Journal reported Tuesday, citing a person familiar with the matter. “If completed, the BlackRock deal could go a long way toward easing concerns about China’s influence over the canal.”
The move comes after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.
...
The consortium, comprised of BlackRock, Global Infrastructure Partners and Terminal Investment Limited, will acquire 90% interests in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal in Panama, according to the filing.
Trump supporters met the news with mixed reactions. Conservatives have long criticized BlackRock for, among other things, abusing its market power to push leftist policies. BlackRock was also part of the Democrats’ scheme to rebuild Ukraine after its war with Russia.
...

BREAKING: BlackRock to Purchase the Panama Canal | Headline USA
(Ken Silva, Headline USA) A consortium of investors led by the controversial firm BlackRock has reportedly agreed to buy a majority stake in the Panama Canal for $23 billion. “The deal would bring the key ports under American corporate ownership, from Hong Kong-based CK Hutchison … BlackRock has...
