Photo: Wikimedia Commons.
According to a report by América Tevé, the U.S. company BlackRock acquired a majority stake in two strategic ports of the Panama Canal, specifically in Balboa and San Cristóbal. This transaction was valued at $22.8 billion.
The majority acquisition of the Balboa and San Cristóbal ports includes the purchase of 90% of Panama Ports Company, which was previously controlled by the Hong Kong-based firm CK Hutchison. Additionally, this deal encompasses the acquisition of an 80% stake in CK Hutchison’s port subsidiaries, which operate 43 ports across 23 different countries.
This investment by BlackRock in Panama’s ports takes place amid pressure from U.S. President Donald Trump to curb China’s influence over the Panama Canal.
Last but not least, this acquisition—led by BlackRock alongside its partner companies, Terminal Investment and Global Infrastructure Partner—marks a major investment in the maritime logistics sector and could have significant implications for global geopolitics and international trade.
Main Source:
BlackRock adquiere puertos estratégicos en el Canal de Panamá por $22.800 millones – América Noticias
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