BEIJING -- CK Hutchison, the Hong Kong-based conglomerate owned by tycoon Li Ka-shing's family, has agreed to sell port assets including those at the Panama Canal, where U.S. President Donald Trump objected to what he described as Chinese control.
Business deals
Li Ka-shing family's CK Hutchison to sell Panama port assets to BlackRock
After Trump pressure, Hong Kong conglomerate insists $22.8bn deal 'purely commercial'
Cargo vessels dock at Balboa Port, operated by Panama Ports Company, under the Li Ka-shing family's CK Hutchison group. © Reuters
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