Panama Canal ports court showdown could sink CK Hutchison’s $23bn BlackRock-MSC deal
Panama’s Supreme Court will soon rule on lawsuits seeking to annul CK Hutchison’s canal-port concession, threatening a $23 billion ports sale to a BlackRock-led consortium. Cosco’s push for control has raised pressure on the deal. Plaintiffs cite audits estimating Panama lost up to $1.3 billion under the 2021 renewal. BlackRock and MSC are reconsidering the acquisition amid regulatory and ownership disputes.
