Panama Canal boss says MSC ports deal threatens neutrality, FT reports [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: Yahoo! Finance Canada
MSC is one of the world's top container shipping groups. MSC and the Panama Canal Authority did not immediately respond to a Reuters request for comment. CK Hutchison confirmed last month that MSC, run by the family of Italian billionaire Gianluigi Aponte, was the main investor in a group seeking to buy 43 ports, including the two ports in Panama, for $22.8 billion. The clarification follows weeks of scrutiny and criticism in China over CK Hutchison's plan to sell the ports to a consortium, which was previously led by U.S. investment firm BlackRock. BlackRock remains part of the group. The proposed sale has also drawn the attention of U.S. President Donald Trump, who has repeatedly expressed his desire to reduce Chinese influence around the Panama Canal and termed the deal a "reclaiming" of the waterway after it was first announced. In April, China's top market regulator said it was paying close attention to CK Hutchison's planned sale and that parties to the deal should not
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