Li Ka-shing sells off most of his global port operations, retaining his Chinese business
Hawk News
2025-03-10 19:50:15
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Recently, Cheung Kong Holdings Group announced the sale of 80% of Hutchison Port Holdings to BlackRock Consortium. The transaction involves 43 ports in 23 countries around the world, with a total value of US$22.765 billion. This move will bring back more than US$19 billion in cash for the group.
The transaction includes 90% of the shares of Panama Ports Corporation, which operates important ports at both ends of the Panama Canal. It is worth noting that Trump had previously claimed to take back the Panama Canal operated by China, and the Panamanian government has launched an audit of the port company.
Frank Sixt, co-managing director of Cheung Kong Holdings Group, emphasized that the sale was purely commercial and had nothing to do with the political situation in Panama. The transaction does not involve port businesses in Hong Kong, Shenzhen, South China and mainland China, which will continue to remain under Cheung Kong Holdings.
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