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Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
Hat tip, the NHK TV news
BUSINESS
Hong Kong’s CK Hutchison seeks Chinese investor to join Panama Ports deal
{snip picture}
Workers carry out maintenance at the Pedro Miguel locks of the Panama Canal during routine upkeep in Panama City, Friday, May 30, 2025. (AP Photo/Matias Delacroix, File)
BY KANIS LEUNG
Updated 6:42 AM EDT, July 28, 2025
HONG KONG (AP) — A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal.
CK Hutchison Holdings’ initial plan to sell port assets in dozens of countries to a group that includes U.S. investment firm BlackRock Inc. pleased U.S. President Donald Trump, who has alleged that China interferes with the critical shipping lane’s operations in Panama. However, the deal apparently angered Beijing and drew a review by Chinese anti-monopoly authorities.
After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement Monday that the exclusive negotiations period with the consortium had expired.
However, it added “the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,” referring to the People’s Republic of China.
{snip}
Hong Kong’s CK Hutchison seeks Chinese investor to join Panama Ports deal
{snip picture}
Workers carry out maintenance at the Pedro Miguel locks of the Panama Canal during routine upkeep in Panama City, Friday, May 30, 2025. (AP Photo/Matias Delacroix, File)
BY KANIS LEUNG
Updated 6:42 AM EDT, July 28, 2025
HONG KONG (AP) — A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal.
CK Hutchison Holdings’ initial plan to sell port assets in dozens of countries to a group that includes U.S. investment firm BlackRock Inc. pleased U.S. President Donald Trump, who has alleged that China interferes with the critical shipping lane’s operations in Panama. However, the deal apparently angered Beijing and drew a review by Chinese anti-monopoly authorities.
After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement Monday that the exclusive negotiations period with the consortium had expired.
However, it added “the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,” referring to the People’s Republic of China.
{snip}