After pressure from Trump, Hong Kong Ck Hutchison company, he agreed to sell his majority participation in ports for $ 22.8 billion
An American consortium led by the manager agreed to buy relevant ports of the Panama Canal, according to this 3rd (4.mar.2025) the newspaper The Wall Street Journal.
Hong Kong’s company sold its majority participation in the facilities for $ 22.8 billion, after A pressure led by US President Donald Trump (Republican). Ports have strategic commercial value.
Trump has already criticized the Chinese presence on the Panama Canal. The argument is that port control by a company linked to the Asian country could pose risks to the US.
The agreement on CK Hutchison’s participation still needs to be approved by regulatory authorities. The tendency is for the business to realize, according to the Wall Street Journal.
Blackrock will have 90% participation in the administration of the facilities today in the hands of the hong Kong company. The agreement also includes the acquisition of 43 other ports in 23 countries.
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The Panama Channel
Located in the country of the same name, the Panama Canal is an artificial navigable road that connects the Atlantic and Pacific Oceans. It allows the passage of ships without the need to circumvent the American continent. It is considered one of the most strategic points for global trade.
It began to be built by France in 1880. However, the high complexity of the project and workers’ mortality led the French government to stop the work.
The United States took over the project in 1904, implementing disease control measures and adopting an enlusted system (kind of ships elevator) to circumvent problems caused by irregular terrain.
The channel was inaugurated in 1914, after a decade of work, remaining under US administration until the end of the century.
The US sovereignty over the channel, however, created discontent between the Panamanians, resulting in diplomatic protests and tensions. In response, presidents Jimmy Carter and Omar Torrijos signed the Treaty Torrijos-Carter in 1977, establishing the gradual transfer of channel control to Panama.
On December 31, 1999, Panama fully took over the channel’s administration, considered one of the largest works of modern engineering.
