An investment group managed by BlackRock has finalized a deal to purchase two ports in Panama, along with over 40 others from CK Hutchison for around $19 billion. These ports, situated at both ends of the Panama Canal, have become critical due to rising concerns from American politicians regarding the potential influence of the Chinese government through CK Hutchison. President Trump has expressed a desire for the U.S. to regain control of the canal, which was handed over to Panama in 2000, further complicating U.S.-China relations.
The investment group led by BlackRock will acquire two strategically located ports in Panama from CK Hutchison for approximately $19 billion, amidst U.S.-China tensions.
Concerns have been raised by U.S. politicians about potential Chinese government influence over the Panama Canal operations through CK Hutchison, despite lacking substantial evidence.
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