BlackRock to Purchase the Panama Canal

A consortium of investors led by the controversial firm BlackRock has reportedly agreed to buy a majority stake in the Panama Canal for $23 billion.

“The deal would bring the key ports under American corporate ownership, from Hong Kong-based CK Hutchison … BlackRock has briefed the Trump administration and Congress on the deal,” the Wall Street Journal reported Tuesday, citing a person familiar with the matter. “If completed, the BlackRock deal could go a long way toward easing concerns about China’s influence over the canal.”

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