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BlackRock-Led Consortium Agrees to Acquire Panama Canal Ports
Apr 01, 2025•about 1 year ago
Contract Type
partnership
New YorkFinanceFintech
Description
An investment group led by BlackRock, including Global Infrastructure Partners (GIP), has agreed to buy two ports near the Panama Canal and over 40 others from CK Hutchison for about $23 billion. GIP, led by Adebayo Ogunlesi, will manage the acquired assets in partnership with Terminal Investment Limited (TIL) and other strategic partners.
Company Information
Company
BlackRock
Location
New York, New York, United States
About
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
New YorkFinanceFintech