MAGA Hero Yes, you read that right. The BlackRock CEO fat cat the political right had loved to hate has suddenly become the darling of the MAGA movement following his $22.8 billion purchase of ports from Hong Kong-based CK Hutchison,
· 3d · on MSN
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
BlackRock to take control of ports in Panama Canal from Hong Kong firm as US worries over Chinese influence grow
BlackRock, the world’s largest asset manager with a portfolio of investments valued at $11.5 trillion, has agreed to purchase majority stakes in ports on both sides of the Panama Canal from Hong Kong-based CK Hutchison in a multipart transaction worth $22.8 billion, the companies announced on Tuesday.
BlackRock Buys Key Panama Ports Amid U.S.-China Tensions
BlackRock’s move reflects the view that America’s best chance to counter China will hinge on private investment.
After significant pressure was exerted by President Donald Trump, Chinese company CK Hutchison has agreed to sell its two ports on the Panama Canal to U.S. investment company BlackRock per a ...
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