BlackRock Consortium Acquires 90% Stake in Panama Ports Company for $22.8 Billion

Pieter Gunst01 mins

Weil Gotshal & Manges and Paul Hastings are advising on a significant transaction involving a consortium led by BlackRock purchasing a 90% interest in CK Hutchison’s stake in Panama Ports Company. This $22.8 billion sale includes ports on either side of the Panama Canal. The deal draws attention in part due to previous political assertions by then-U.S. President Trump, who inaccurately claimed Chinese control over the canal. For further details, access the original article.