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BlackRock strikes $23 billion deal to place Panama Canal ports under American control

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The Hong Kong -based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock .

The deal will give the BlackRock consortium control over 43 ports in 23 countries, including Mexico , the Netherlands , Egypt , Australia , Pakistan and elsewhere.

Disputes over the canal were first sparked in 2024 when President Donald Trump made accusations that Chinese companies have taken control of the ports.