A consortium of BlackRock and MSC’s port operating arm Terminal Investment Limited (TIL) has agreed to purchase the international port assets from CK Hutchison Holdings Limited in a deal valued at US$22.8 billion.
This agreement includes key port terminals which have been central to ongoing geopolitical discussions, such as the operations of CK Hutchison’s subsidiary Hutchison Ports in the Panama Canal.
Hutchison’s operations in the Panama Canal likely heightened US scrutiny due to the canal’s strategic importance and concerns over Chinese influence in this critical global shipping route.
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