Investment giant BlackRock has teamed up with MSC Group to buy Panama Ports Co, which had come under pressure from the Trump administration, as part of a sweeping $22.8bn deal with CK Hutchison Holdings.
The consortium of BlackRock’s Global Infrastructure Partners and MSC Group’s terminal unit will buy the 90% stake in PPC that is controlled by CK Hutchison, as well as its 80% control over 43 other ports in 23 countries.
