BlackRock strikes deal to bring ports on both sides of Panama Canal under American control
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A Hong Kong-based consortium has agreed to acquire Hutchison Port Holdings, a Hong Kong-listed Chinese company, from a joint venture led by the Hong Kong Government and the PSC.

The acquisition is part of Hutchison's strategy to diversify its portfolio, primarily focused on infrastructure projects in Asia. The deal aims to strengthen Hutchison's position in the region and expand its business reach.

The transaction is expected to be completed soon, with settlement estimated to be around HK$10 billion. The consortium aims to purchase the entire Hutchison Port Holdings shares and operate the ports under its own management.

The Hong Kong Government has been involved in the port consolidation effort since 2013, leading negotiations with the PSC. The joint venture is aiming to secure a long-term commitment from the PSC to run the ports.

The consortium is expected to invest approximately HK$10 billion in Hutchison Port Holdings, with a portion of the funding sourced from HSK and PSC. The transaction is expected to create a bridge between the two ports, ensuring a smooth transition.
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