An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong subsidiary that runs ports along either side of the Panama Canal, giving a U.S.

The deal includes two ports that have been under scrutiny as potential avenues for Chinese influence in the operation of the canal.

BlackRock ’s $22.8bn takeover of 43 ports owned by billionaire Li Ka-shing’s CK Hutchison, including two at either end of the Panama Canal — before it was announced on Tuesday. The president and top members of his administration,

A Hong Kong-based corporation announced plans on Tuesday to sell its stake in two Panama Canal ports to an investment group led by BlackRock — a deal that would put crucial ports under American corporate ownership amid growing tensions between Panama and the Trump administration.

President Donald Trump cited BlackRock's Tuesday deal to acquire Panama Canal ports as part of his administration's broader effort to "reclaim" the crucial waterway.

Donald Trump promised on Day 1 to seize the Panama Canal. “We’re taking it back,” the US president declared in his inaugural address. Within weeks, Wall Street billionaire Larry Fink was on the line with the White House.

A BlackRock Inc.-led consortium agreed to buy control of key ports near the Panama Canal from Hong Kong-based conglomerate CK Hutchison Holdings Ltd. after pressure from US President Donald Trump to limit Chinese interests in the region.

The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructu

Panama Canal, following pressure from U.S. President Donald Trump to reduce Chinese influence in the region. The deal involves the sale of 90% of Panama Ports Co., the company responsible for managing the Balboa and Cristobal entries,

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