BlackRock-TiL consortium to purchase CK Hutchison port operations for $22.8 billion By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
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Source: Investing.com
CK Hutchison Holdings Sells Port Control: CK Hutchison Holdings Ltd. has agreed to sell control of its Panama Ports Company and associated subsidiaries to a consortium led by BlackRock, Global Infrastructure Partners, and Terminal Investment Limited, following U.S. pressure to reduce Chinese influence in the region.
Transaction Details and Future Steps: The deal, valued at $22.8 billion, involves acquiring 90% of PPC and 80% of its subsidiaries, with definitive documentation expected by April 2025, while emphasizing that the transaction is purely commercial and unrelated to political factors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
