Chinese Authorities Have Stopped a Deal Under Which the American Investment Fund Black Rock Would Have Bought Two Chinese Ports on the Panama Canal
By Intel Slava Z
Chinese authorities have stopped a deal under which the American investment fund Black Rock would have bought two Chinese ports on the Panama Canal.
This is reported by CNN. The signing was planned for next week. Black Rock was going to buy out the controlling stake of Hong Kong company CK Hutchison, which has a stake in 43 ports around the world.
But now the buyout has been blocked by China’s antitrust authorities.
The Black Rock deal was seen as a “way to ease tensions in the region” after Trump threatened to take the Panama Canal away from the US. He later praised the deal.
Original source: https://t.me/intelslava/74123
