US-based BlackRock has struck a deal to acquire two key Panama Canal ports – Balboa and Cristobal – for $19 billion from Hong Kong-based CK Hutchison
📄Ports play a vital role in global trade and have previously been a subject of geopolitical tension between the US and China. The deal was supported by the US administration, and the sale was called a commercial decision
This is BlackRock’s largest infrastructure deal in the company’s history.
