BlackRock, in collaboration with Global Infrastructure Partners and Terminal Investment Limited, has reached an agreement to acquire a significant stake in key ports along the Panama Canal from Hong Kong-based CK Hutchison Holdings. The deal, valued at $22.8 billion, includes a 90% interest in Panama Ports Company, which operates the Balboa and Cristobal ports, as well as an 80% stake in Hutchison’s global port operations across 43 ports in 23 countries. This sale is subject to approval by the government of Panama. More information can be found here.

As this deal progresses, we will provide insights on how it may impact potential changes to shipping routes, port operations, and logistics costs. Stay tuned for updates, and please contact your Mallory Alexander representative for further assistance.