The company BlackRock is considering carrying out one of the largest acquisitions of the year, with the possible purchase of a majority stake in the Panama Canal ports. This operation is seen as a win for the President of the United States, Donald Trump, who expressed concern about the control of strategic ports near the canal.
Regarding this massive and complex deal, David Blennerhassett, an analyst at Quiddity Advisors, pointed out that its completion could extend through much of 2025. Therefore, stock prices may fluctuate as specific details of the agreement are addressed and the necessary regulatory approvals are obtained.
Trump made unfounded accusations about China seizing control of the Panama Canal and stated that the United States was overpaying for vessel transit. This controversy led CK Hutchison Holdings to put its stake in the canal ports up for sale, causing a sharp decline in the value of its shares.
The Hong Kong and Macau Affairs Office issued a statement warning companies about the importance of carefully choosing their stance on this matter. CK Hutchison's shares suffered a significant drop, reflecting concerns about possible Chinese interventions in the sale operation of the Panamanian ports.
Although it is unlikely that the deal will require Chinese approval, disapproval from Chinese authorities highlights the complex situation companies face amid the growing rivalry between China and the United States.
CK Hutchison and CK Asset Holdings, the companies involved in the transaction, are headquartered in the Cayman Islands and derive most of their income from abroad. This possible asset sale has sparked a debate about the position of companies in this delicate geopolitical environment.
