The agreement takes place after months of pressure from the new president of the United States, Donald Trump, to restore the interoceanic route because of the alleged Chinese influence.
He Hongkonese conglomerate CK Hutchison shot almost 22 % on the stock market this Wednesday after announcing an agreement with a consortium led by BlackRock for the sale of 90 % of the company, which means that the checks checks Balboa and Cristóbal PortsIn the Panama Canal area.
In particular, the titles of the company have returned with 21.9 % in the Hong Kong Stock Exchange and it is closed at maximum of the last twelve months.
The operation, coded in About 22 800 million dollarsCovers the participation of 80 % that CK Hutchison has in other subsidiaries that have and operate 43 ports in 23 states, although the terminals of the Chinese ports are excluded, as well as those of Hong Kong.
The agreement occurs after Months of pressure from the new president of the United StatesDonald Trump, to restore the interoceanic route because of the alleged Chinese influence, although CK Hutchison executive director, Frank SixtHe separated this decision from that pressure.
“I would like to emphasize that the transaction is purely commercial in nature and has no relationship with recent political news about the ports of Panama,” Sixt said in the same statement in which the sale was announced.
Moreover, this Wednesday a Chinese diplomatic spokesperson described the statements about his supposed control of the channel as “completely untrue” Beijing’s dedication With his status as ‘permanently neutral international route’.
CK Hutchison, currently rated at around 233 million dollars, has owned the company since 2015 Panama Ports Company (PPC)That operates the Pacific port of Balboa, the second with the most container movement of the state, and the Atlantic Ocean of Cristóbal, the fifth in the list.
The group is owned by Li Ka-Shingwhich is still considered at the age of 96 as the richest man in the former British colony, the eighth in Asia and the number 38 in the world thanks to an estimated fortune at around 38 300 million dollars for the prestigious magazine Forbes.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
