Inside BlackRock’s Role in the Game-Changing Port Acquisition Deal
BlackRock, through a consortium that includes its subsidiary Global Infrastructure Partners (GIP) and MSC’s Terminal Investment Limited (TIL), has agreed to acquire the international portfolio of ports and terminals from CK Hutchison Holdings Ltd.
The deal involves a controlling stake in Hutchison Ports, which operates 43 ports across 23 countries, and includes a 90% stake in Hutchison’s subsidiary Panama Ports Company (PPC), which operates the ports of Balboa and Cristobal at the Panama Canal.
BlackRock’s acquisition of the ports of Balboa and Cristobal in Panama from CK Hutchison Holdings Ltd., a Hong Kong-based conglomerate, has potential implications for the geopolitical dynamics between the United States and China, particularly given the strategic importance of the Canal.
The post Inside BlackRock’s Role in the Game-Changing Port Acquisition Deal appeared first on Container News.
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