A deal struck by BlackRock to take control of two key ports on either end of the Panama Canal essentially aligns the world's largest money manager with preferences of the new Trump administration.

Hong Kong-based conglomerate CK Hutchison Holdings Ltd. (CKHUY) (CKHUF) agreed to sell its 90% stake in a unit overseeing ports in Panama to a consortium led by asset management titan BlackRock (BLK)

Hong Kong's CK Hutchison on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc.-backed consortium, following intense pressure from U.S. President Donald

An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong subsidiary that runs ports along either side of the Panama Canal, giving a U.S.

Donald Trump promised on Day 1 to seize the Panama Canal. “We’re taking it back,” the US president declared in his inaugural address. Within weeks, Wall Street billionaire Larry Fink was on the line with the White House.

The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructu

President Donald Trump cited BlackRock's Tuesday deal to acquire Panama Canal ports as part of his administration's broader effort to "reclaim" the crucial waterway.

BlackRock Inc. led one of the biggest acquisitions of the year in a deal that marked both the firm’s expanded reach in infrastructure and a win for US President Donald Trump, who had raised concerns over control of key ports near the Panama Canal.

The BlackRock-TiL consortium, comprising financial giant BlackRock and Terminal Investment (TiL), will buy CK Hutchison Holdings' 90% interest in the Panama Ports Company and a total of 43 ports comprising 199 berths in 23 countries,

Reacting to Donald Trump's ‘reclaiming’ Panama Canal claims, the Panama president accused the US President of ‘lying once again’.