Paywalled - https://www.ft.com/content/b3a1ea24-72c6-4fad-9de1-e7411048ad31
Archived - https://archive.is/jytZ9#selection-2399.0-2425.26
The article has been updated since the archived version but I got the paywall smack down before I could copypasta
"Deal involves sale of bulk of ports owned by Hong Kong-based conglomerate CK Hutchison
BlackRock has agreed to buy two major ports at the Panama Canal from their Hong Kong-based owner, following pressure from Donald Trump over alleged Chinese influence at the vital waterway.
In apparent reference to the ports, the US president has frequently alleged that “China is running the Panama Canal”, adding last month that “we’re going to take it back, or something very powerful is going to happen”.
The ports’ Hong Kong-based owner CK Hutchison will sell the business to a consortium including BlackRock, Global Infrastructure Partners and Terminal Investment, according to a company statement on Tuesday.
In a large-scale investment in the sector, the consortium will acquire a 90 per cent stake in the CK Hutchison subsidiary that operates the two ports in Panama. The deal also includes an 80 per cent stake of CK Hutchison’s ports subsidiaries, which run 43 ports in 23 countries, including the UK and in Germany."
This is a developing story
I feel fine about it. I think Trump already secretly seized Blackrock.
Do you have sauce?
No. Just a hunch based on the EO he signed before he left office about seizing assets from anyone financially involved in election fraud. The one Biden extended like every year he was in office for some strange reason. I could be totally wrong but that’s my hunch.
I think Blackrock has an evil agenda and in the long run it will burn them in the ass and Trump will just smile and take over their assets.
Yeah me too. I'm just kind of wondering if he hasn't already...
Blackrock may be bastards, but they are OUR bastards.
kek I can go with that
🤣
Panama gets signed over to Blackrock, Blackrock gets in trouble for human trafficking, then via that EO all their assets gets confiscated... Maybe? I do hope that there is a strategy behind this. Trump and his team must know how evil Blackrock is more than we do.
We dont have the money to buy the ports but I bet ownership is the US.