BUZZ-BlackRock falls after group, including company, to buy Panama ports' stake

Reuters
Yesterday
BUZZ-BlackRock falls after group, including company, to buy Panama ports' stake

** Shares of asset manager BlackRock Inc BLK.N down 2.10% at $946.22

** Hong Kong's CK Hutchison Holdings 0001.HK to sell its controlling stake in unit that operates Panama ports to a consortium including BLK for equity value of $14.21 billion

** Sale of licenses will lead to the consortium gaining a 90% stake in Panama Ports Company, operator of Balboa and Cristobal ports

** Group will get control of 43 ports comprising 199 berths in 23 countries

** BLK has fallen 5% in 2025, as of Monday's close

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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