$11 Trillion BlackRock GIP & Italy Aponte Family Terminal Investment Limited (TIL, Mediterranean Shipping Company) Buy Hong Kong Billionaire Li Ka-Shing CK Hutchison 90% Interests in Panama Ports Company (2 Ports in Balboa & Cristobal) for $22.8 Billion, Transaction Includes 80% in Subsidiary & Associated Companies But excludes HPH Trust, CK Hutchison to Receive $19 Billion Net Cash after Minority Interests & Shareholder Loans, CK Hutchison Share Price increased +21% with Announcement to $23 Billion Market Value
5th March 2025 | Hong Kong
The world’s largest asset manager BlackRock ($11 trillion AUM) GIP & Italy Aponte family Terminal Investment Limited (TIL, Mediterranean Shipping Company) have announced to buy Hong Kong billionaire Li Ka-Shing CK Hutchison 90% interests in Panama Ports Company (2 Ports in Balboa & Cristobal) for $22.8 billion, with the transaction to include 80% in subsidiary & associated companies but excludes HPH Trust. CK Hutchison will receive $19 billion net cash after minority interests & shareholder loans. CK Hutchison share price has increased +21% with announcement to $23 billion market value. BlackRock transaction is by BlackRock Global Infrastructure Partners (GIP). In 2025 February, 2 Panama lawyers have filed a lawsuit citing unconstitutional contract to cancel concession awarded to Hong Kong billionaire Li Ka-Shing CK Hutchison Holdings ($19 billion market value) port operator Hutchison Ports, which manages 2 key ports at both ends of Panama Canal since 1997. In 2025 January, Central American country Panama authorities launched an audit of Hong Kong billionaire Li Ka-Shing CK Hutchison Holdings. United States President Donald Trump had accused Panama of allowing China to influence the Panama Canal.
“ $11 Trillion BlackRock GIP & Italy Aponte Family Terminal Investment Limited (TIL, Mediterranean Shipping Company) Buy Hong Kong Billionaire Li Ka-Shing CK Hutchison 90% Interests in Panama Ports Company (2 Ports in Balboa & Cristobal) for $22.8 Billion, Transaction Includes 80% in Subsidiary & Associated Companies But excludes HPH Trust, CK Hutchison to Receive $19 Billion Net Cash after Minority Interests & Shareholder Loans, CK Hutchison Share Price increased +21% with Announcement to $23 Billion Market Value “
BlackRock, Chairman and Chief Executive Officer Larry Fink: “This agreement is a powerful illustration of BlackRock and GIP’s combined platform and our ability to deliver differentiated investments for clients. These world-class ports facilitate global growth. Through our deep connectivity to organizations like Hutchison and MSC/TIL and governments around the world, we are increasingly the first call for partners seeking patient, long-term capital. We are thrilled our clients can participate in this investment.”
Global Infrastructure Partners (GIP), a part of BlackRock, GIP Chairman and Chief Executive Officer Bayo Ogunlesi“We are delighted to partner with Terminal Investment Limited and MSC, with whom we have a longstanding and productive relationship, to make an offer for certain interests in ports owned and operated by Hutchison Ports Holdings. Given GIP’s substantial expertise in owning and operating ports, together with our partners, we can focus on our joint ambition for these assets to continue to be world-class ports operators which are competitive, efficient, commercial and service-focused.”
Terminal Investment Limited (TiL), Chairman of TiL and President of the MSC Group Diego Aponte: “Our relationship with Hutchison Ports goes back a long way and is a relationship of mutual respect and friendship. Furthermore, we are very pleased to partner with BlackRock and Global Infrastructure Partners (GIP), with whom we share a longstanding and terrific relationship. We have a very high regard toward the Hutchison Ports management team, and if this transaction closes, we look forward to welcoming them into our larger family. We are very focused on this industry, and we know that the investment in Hutchison Ports will be a very viable investment commercially.”
CK Hutchison, Co-Managing Director Mr. Frank Sixt: “This Transaction is the result of a rapid, discrete but competitive process in which numerous bids and expressions of interest were received. As a result, the Transaction valuation agreed in principle is compelling, and the Transaction is clearly in the best interest of our shareholders. After adjusting for minority interests and repayment of certain shareholder loans due from HPH to CK Hutchison, the Transaction would be expected to deliver cash proceeds in excess of US$19 Billion to our Group. I would like to stress that the Transaction is purely commercial in nature and wholly unrelated to recent political news reports concerning the Panama Ports. It must be noted that, however, the Transaction does remain subject to confirmatory due diligence, settlement of definitive documentations, and normal and usual completion procedures, adjustments and conditions as well as compliance by HPH with the rights of minority shareholders under existing shareholders agreements relating to the Sold HPH Interests.
2 Panama Lawyers File Lawsuit Citing Unconstitutional Contract to Cancel Concession to Hong Kong Billionaire Li Ka-Shing $19 Billion CK Hutchison Holdings Port Operator Hutchison Ports Which Manages 2 Key Ports at Both Ends of Panama Canal Since 1997
6th February 2025 – 2 Panama lawyers have filed a lawsuit citing unconstitutional contract to cancel concession awarded to Hong Kong billionaire Li Ka-Shing CK Hutchison Holdings ($19 billion market value) port operator Hutchison Ports, which manages 2 key ports at both ends of Panama Canal since 1997. In 2025 January, Central American country Panama authorities launched an audit of Hong Kong billionaire Li Ka-Shing CK Hutchison Holdings. United States President Donald Trump had accused Panama of allowing China to influence the Panama Canal.
Central American Country Panama Authorities Launched Audit of Hong Kong Billionaire Li Ka-Shing $19 Billion CK Hutchison Holdings Port Operator Hutchison Ports Which Manages 2 Key Ports at Both Ends of Panama Canal, United States President Donald Trump Accused Panama of Allowing China to Influence the Panama Canal
22nd January 2025 – Central American country Panama authorities has launched an audit of Hong Kong billionaire Li Ka-Shing CK Hutchison Holdings ($19 billion market value) port operator Hutchison Ports, which manages 2 key ports at both ends of Panama Canal. United States President Donald Trump had accused Panama of allowing China to influence the Panama Canal.
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