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Hong Kong billionaire Li Ka-shing's CK Hutchison Holdings plans to sell its global ports business for over $19 billion to a BlackRock-led consortium, amid pressures from geopolitical tensions. The deal covers 43 ports in 23 countries,
After a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet.
The company founded by 96-year-old Li Ka-shing is caught up in Donald Trump’s complaints about China’s influence
Under pressure from US President Donald Trump, HK firm Hutchison said Tuesday it had agreed to sell its lucrative Panama Canal ports to a US-led consortium.
AFTER a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet. Read more at The Business Times.
Hutchison subsidiary PPC has for decades run ports on the Pacific and Atlantic ends of the interoceanic waterway.
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