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CK Hutchison to invite ‘major’ Chinese investor for $23bn Panama ports deal
Hong Kong-based conglomerate CK Hutchison has said it plans to bring on a “major” Chinese investor for a consortium backed by US asset manager BlackRock as the company seeks Beijing’s approval for a $23bn ports sale that includes key assets in the Panama Canal.
CK Hutchison signals openness to include a Chinese investor in Panama Canal ports after negotiations with BlackRock expired, ...
PANAMA CITY — U.S. Defense Secretary Pete Hegseth said Tuesday the Panama Canal faces ongoing threats from China but that together the United States and Panama will keep it secure. Hegseth’s ...
Chinese regulators have blocked a $23 billion sale of key ports, including two in the Panama Canal, to a group led by BlackRock. REUTERS China President Xi Jinping is reportedly “angry” over ...
According to a study released in December by IDB Invest, 23.6% of Panama’s annual income is generated from the canal and companies that provide services related to the canal’s operations.
Defense Secretary Hegseth said the U.S. and Panama are strengthening security ties and "together" will "take back" the canal from the influence of China, which operates two major ports.
“China-based companies continue to control critical infrastructure in the canal area,” Hegseth said. “That gives China the potential to conduct surveillance activities across Panama.
U.S. Secretary of Defense Pete Hegseth on Wednesday focused again on China's presence in the Western Hemisphere, one day after calling the world power a threat to the Panama Canal.
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