BlackRock Eyes China Ally In $23B Panama Canal Power Play
BlackRock’s Panama Canal negotiations have taken quite a dramatic turn right now, and it’s all because CK Hutchison is actually considering adding a Chinese partner to their massive $22.8 billion port deal. The exclusivity period for this BlackRock Panama deal ended on Sunday, which means new consortium members can now join this transaction that involves some pretty important Panama Canal assets along with Chinese interests. Also Read: BlackRock’s Rieder Sees Surprise September Rate Cut as Inflation Holds BlackRock’s Panama Canal Bid, CK Hutchison Ports, And China Ties Source: Yahoo Finance Chinese Investor Joins The Mix The situation with BlackRock’s Panama deal and China has gotten more complex after CK Hutchison revealed they’re having ongoing discussions about bringing in what they’re calling a “significant” Chinese investor to the consortium. Reports have been tying China’s state-owned Cosco Shipping to getting a potential stake...