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MercoPress, en Español

Montevideo, March 23rd 2025 - 04:08 UTC

Tag: CK Hutchison Holdings

  • Tuesday, March 4th 2025 - 20:45 UTC

    Preliminary deal reached for sale of Hong Kong company's stake in Panama Canal operations

    CK Hutchison has been operating the Port of Balboa for more than two decades

    Given US President Donald Trump's pressure, CK Hutchison Holdings, a Hong Kong-based conglomerate, agreed to sell control of a unit operating ports near the Panama Canal, it was announced Tuesday. The sale includes an 80% stake in the Hutchison Ports group and a 90% interest in Panama Ports Company, which operates the ports of Balboa and Cristobal. The consortium acquiring these stakes includes BlackRock Inc., Global Infrastructure Partners, and Terminal Investment Ltd.