CK Hutchison Seeks Multi-National Approval for Panama Ports Sale

CK Hutchison Holdings Limited has announced that the sale of its Panama Canal assets requires approval from several key global players, including China, the United States, the United Kingdom, and the European Union. The company emphasized the need for regulatory adjustments across jurisdictions to facilitate the $22.8 billion deal with a BlackRock Inc.-led investor group.

Beijing's Stance: The Chinese government has reportedly signaled its intention to block the transaction unless a state-owned entity, likely Cosco, is granted a stake in the deal. This development adds a layer of complexity to the already intricate approval process.