Hutchison port sale hits Panama snag

Panama Canal draught raised ahead of schedule

In early March, Hong Kong-based CK Hutchison agreed to divest the majority of its global port assets to the Blackrock-TiL consortium in a USD22.8 billion deal. The transaction included control of several terminal operations and a significant stake in Panama Ports Company. However, reports have since emerged that Hutchison will no longer sell its Panama Canal-adjacent assets. The deal has also drawn scrutiny from Chinese regulators, who are expected to launch an antitrust review.

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