China Condemns Panama Ports Sale to BlackRock as Economic Coercion
Beijing and Hong Kong officials voiced strong opposition to BlackRock’s proposed acquisition of Panama Canal ports from CK Hutchison, citing concerns about economic coercion. While the ports are outside Chinese territory, the criticism casts doubt on the deal’s future. Chinese agencies are reportedly reviewing the $22.8 billion deal for potential security and antitrust issues. This opposition caused a significant drop in CK Hutchison’s share price.
John Q. Hosedrinker