Reported about 5 hours ago
In a significant deal, BlackRock and a consortium will acquire control of ports on both sides of the Panama Canal from a Hong Kong-based company, following U.S. concerns over Chinese influence on this vital shipping lane. The transaction comes amidst heightened scrutiny from U.S. officials, including fears that China could use these ports for strategic advantages. The deal includes a 90% stake in the Panama Ports Company, which manages key ports Balboa and Cristobal.
Source: YAHOO