BlackRock takes over Panama Canal ports in a $19 billion deal



BlackRock, the world's largest asset manager, acquires the main ports of Balboa and Cristobal in the Panama Canal in a $19 billion deal with CK Hutchison in Hong Kong.

This acquisition gives Black Rock control over 40% of container traffic in the channel.

Trump has always claimed that China is "managing" the channel and pledged to "regain" it.

Now, BlackRock actually achieves it instead.

With one-third of the channel's shipments linked to the United States, this deal reshapes control over one of the most important global trade routes.

Source: New York Times, Bloomberg.
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