BlackRock and MSC may walk away from Hutchison Ports deal

A proposed $23 billion sale of 43 global ports owned by Hong Kong-based CK Hutchison is at risk, according to the Financial Times and as DynaLiners reported.

The deal includes two ports at the Panama Canal. The intended buyers, BlackRock and MSC, are reconsidering their participation after China’s state-controlled shipping group Cosco demanded a majority stake in the acquiring consortium.

Cosco had initially indicated interest in a minority stake of 20–30% in the non-Panama ports. The shift in position has raised concerns among the buyers.

If Cosco maintains its demand, BlackRock and MSC may withdraw from the transaction, potentially derailing one of the largest port deals in recent years.

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