CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, has delayed the signing of a significant deal to sell its strategic ports in Panama. The agreement, which was initially scheduled to be finalized next week, will now be postponed due to mounting pressure from Chinese authorities.

The deal, which involves the sale of CK Hutchison’s 90% stake in Panama Ports Company—operator of the vital Balboa and Cristobal ports—was valued at approximately $22.8 billion. It had been set for completion by April 2, 2025. However, Chinese regulators have raised concerns about the potential implications of the sale, particularly in light of its possible alignment with U.S. strategic interests.

This delay follows growing geopolitical tensions, especially after recent remarks by U.S. officials about the Panama Canal. Chinese authorities are now reviewing the transaction to ensure it aligns with national interests and fair competition rules. As a result, the timeline for concluding the sale remains unclear.

The transaction involves a consortium led by BlackRock, which had reached an agreement with CK Hutchison to acquire the stakes in these key Panama Canal ports. However, Chinese officials’ scrutiny has added an additional layer of complexity to the deal, highlighting the intersection of global commerce and geopolitical considerations regarding major international trade routes.

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