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The world’s biggest asset manager led a consortium that will buy a controlling stake in Panama ports that had become a political lightning rod and a larger unit that has operations across 23 countries. CK Hutchison, the conglomerate founded by Hong Kong billionaire Li Ka-shing, said it would receive cash proceeds of more than $19 billion from the sale.
CK Hutchisons market cap before today 20% rally is HKD150bil equal to $19bil. Trump just gave $19bil to Li Ka Shing for an asset that he is planning to dispose anyway.
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The deal also removes a headache for billionaire Li. As recently as January, his company said it was committed to continue operating in the country, but has faced increased scrutiny amid Trump’s threats. Panama’s government had been weighing whether to cancel the company’s contract, Bloomberg reported last month, and had also initiated an audit.
Win/win deal apparently. Rich bekam richer
Edit:Yikes accidently posted serious /k. Anyways...
This post has been edited by ZeaXG: Mar 5 2025, 05:46 PM
Mar 5 2025, 05:45 PM, updated 9 months ago
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