HONG KONG’s CK Hutchison will delay the sale of its Panama Ports Company (PPC) to a BlackRock-MSC consortium, reports Hong Kong South China Morning Post. The delay comes as Hutchison is facing increasing pressure from the Chinese government over the US$22.8 billion sale of its ports business outside of China to BlackRock, at either end of the Panama Canal. On Friday, China’s State Administration for Market Regulation confirmed its second Anti-Monopoly Department will review the transaction ‘to...
https://www.seanews.com.tr/hutch-delays-panama-ct-deal-under-beijing-pressure/202957/