BlackRock announces purchase of Panama Canal ports

On Tuesday, BlackRock announced ports in the Panama Canal Donald Trump raised security concerns about China on their connections.

Declared BlackRock $ 22.8 billion worth $ 22.8 billion with CK Hutchison’s Dutchison Port Holdings, which company is acquired by Cristobal and Baloa Panama’s ports, located at Atlantic and Pacific Ocean. It will also acquire Hatchison’s control interest with 43 ports in 23 other countries.

The head of the world’s largest asset partner will be limited to terminal investment (up) ports in a concert, “Blackrock” subsidiary of infrastructure partners (GIP).

“This agreement is the powerful image of the combined platform of BlackRock and GIP and our ability to invest in customers,” said Blackrock Executive Director Larry Finc. “These world-class ports make global growth easier. Through our deep communication, such as Hutchison and MSC / TIL in the world, we are more and more the first call that can participate in our customers.

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BlackRock will acquire two of the five ports in the Panama canal, as well as a number of other ports in the world. (Arnulfo Franco / AFP Via Getty Images / Getty Images)

Before his return White HouseTramphone announced on Christmas post that the Panama government allowed China’s wonderful soldiers to launch Panama Canal, a statement that Panama and China rejected.

Chinese companies In recent years, they have increased their contribution to Panama, including canal facilities, such as the terminal for navigation ships and bridges, which is planned to build on the canal. The presence of these firms has caused geopolitical concerns, given the Chinese government to monitor Chinese companies to advance strategic goals.

Ck Hutchison has launched ports in Balboa since 1997 and Cristobal. The company is concentrated in Hong Kong, which controls the Chinese Communist Party.

Blackrock Executive Director Larry Finc gave the deal, which is still the introduction of the largest infrastructure of BlackRock. (Kirk sides / Houston Chronicle via Getty Images / Getty Images)

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Frank Hutchison Co-Inkingling Direction, – The transaction has received a “fast, discrete, but competitive process” and added that the transaction should give cash income to the group.

“I would like to emphasize that the deal is purely commercial in nature and has nothing to do with the latest political news about Panama ports,” he added.

The transaction still subject to Regulatory approvalIt will also see that BlackRock consortium will buy a total of 43 ports, which consists of 23 countries, 23 countries, Huthison Port Holdings (HPH). The transaction includes HPH management resources, terminal operating systems and other assets related to port control and operations.

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The press release does not indicate which ports are involved harborage Or the countries in which they are located, although they note that it does not include any other ports in Hong Kong, Shenzhen, in Hong Kong, Shenzhen and South China.