BlackRock and its consortium, including Global Infrastructure Partners and Terminal Investment Limited, plan to acquire Panama Ports from CK Hutchison. The deal encompasses a total enterprise value of $22.8 billion and includes comprehensive assets from Hutchison Port Holdings. The acquisition process requires due diligence and approval from the Government of Panama, indicating a strategic investment in global trade infrastructure.
A consortium led by BlackRock is set to acquire the Panama Ports, specifically the ports of Balboa and Cristobal, through Hutchison Port Holdings, which currently operates these facilities. The acquisition includes a 90% interest in the Panama Ports Company along with significant global assets comprising 43 ports and resources from Hutchison Port Holdings. This transaction is subject to regulatory approvals and will undergo proper due diligence before its finalization.
The acquisition of Panama Ports by the BlackRock-led consortium marks a significant shift in port operations and management in Panama. With a total enterprise value of $22.8 billion, the deal may lead to enhanced operational efficiency and investment in port infrastructure. The transition emphasizes strong commercial relationships but is also detached from evolving political narratives surrounding the Panama Canal.
Original Source: www.marinelog.com
