CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say
Publishing timestamp: 2025-03-29 15:23:10
Summary
CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group amid pressure from Beijing. China's market regulator will carry out an antitrust review on the deal to protect fair competition. The deal, expected to be signed by April 2, is still in negotiation, with Chinese authorities reacting negatively to the plans.
Sentiment: MIXED
Keywords: trade, ck hutchison holdings ltd, donald j. trump, mergers and acquisitions, business news, politics, ipo, transportation, panama, blackrock inc, breaking news: business, breaking news: politics,