BlackRock falls after group, including company, to buy Panama ports' stake
ReutersMar 4, 2025 5:41 PM
Shares of asset manager BlackRock Inc BLK.N down 2.10% at $946.22
Hong Kong's CK Hutchison Holdings 0001.HK to sell its controlling stake in unit that operates Panama ports to a consortium including BLK for equity value of $14.21 billion
Sale of licenses will lead to the consortium gaining a 90% stake in Panama Ports Company, operator of Balboa and Cristobal ports
Group will get control of 43 ports comprising 199 berths in 23 countries
BLK has fallen 5% in 2025, as of Monday's close
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