Reported 1 day ago
BlackRock Inc. has announced a significant acquisition that gives it control over key ports in Panama, a move seen as politically advantageous for President Trump, who has raised concerns about Chinese influence over this important waterway. The deal, valued at over $19 billion, involves CK Hutchison and represents BlackRock's largest infrastructure investment to date, expanding its operations across 23 countries. The transaction could ease tensions surrounding US-Panama relations and addresses Trump's push for reduced foreign control of critical infrastructure.
Source: YAHOO