CK Hutchison Shares Jump After Panama Ports Stake Sale Agreement with BlackRock
CK Hutchison Holdings shares rose sharply after a consortium of investors led by BlackRock agreed to buy majority stakes in ports on either end of the Panama Canal, which Trump raised as a security concern because of the ports' connection to China.
Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock ...
The decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American ...
(Reuters) - Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in ...
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is ...
Hong Kong conglomerate CK Hutchison Holdings Limited's ports subsidiary plans to invest $1 billion to upgrade its operations ...
Conglomerate CK Hutchison Holdings is expected to continue focusing on acquisitions, spinoffs, and cost-containment to raise its profit. We think efforts to improve customer retention at its drugstore ...
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.
BlackRock Inc. led one of the biggest acquisitions of the year in a deal that marked both the firm’s expanded reach in ...
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