BlackRock Buys Majority Stake in Ports on Both Sides of Panama Canal Following Trump Complaints

BlackRock said it had agreed to a $22.8 billion deal to take majority stakes in ports on both side of the Panama Canal, removing them from the control of a Hong Kong-based company.

The agreement, which was announced through a joint statement from BlackRock and multinational conglomerate CK Hutchison Holdings on Tuesday, brings two major ports under American corporate ownership.