CK Hutchison Holdings Ltd. (HK:0001) is on track to finalize its sale of two Panama ports to a consortium led by BlackRock Inc. (NYSE: BLK) by April 2, according to sources familiar with the matter, as reported by Bloomberg.
The consortium, which includes BlackRock’s Global Infrastructure Partners LP and Terminal Investment Ltd., is moving forward with due diligence, tax, and accounting procedures.
The larger $19 billion sale of 41 CK Hutchison ports is also progressing as planned, the report noted.
A 145-day exclusive negotiation period for the deal limits other potential bidders, such as Chinese state-owned firms, from participating.
China has raised concerns over the transaction, with senior officials reportedly reviewing the deal for possible national security and antitrust violations. Beijing has expressed opposition, particularly following U.S. President Donald Trump’s remarks framing the sale as a move to reduce Chinese influence in the Panama Canal. However, CK Hutchison has not commented on whether it plans to change its course.
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