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16.08.25 - 03:36
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JPMorgan, UBS positive on CK Hutchison′s ports deal update (SCMP)
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Financial analysts said they were positive on the outlook for CK Hutchison Holdings after the conglomerate said its controversial ports deal, including two Panama Canal ports, was on track even though it may take longer than expected.
US lender JPMorgan said CK Hutchison eased investor concerns after group co-managing director Frank Sixt gave an update on the port sale in a first-half results briefing on Thursday.
“Management sounded hopeful that the global ports disposal deal would proceed”......
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14.08.25 - 19:33
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No Panama Port Deal For CK Hutchison And BlackRock This Year (ZeroHedge)
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No Panama Port Deal For CK Hutchison And BlackRock This Year
The $19 billion sale of CK Hutchison's 43 global ports, including two strategically vital ports on the Panama Canal (Balboa and Cristóbal terminals), to a BlackRock-led consortium is far from completion, mired in the crossfire of US-China trade and geopolitical tensions.
CK Hutchison co-managing director Frank Sixt told Wall Street analysts during its interim earnings results earlier today that the deal's complexity means it likely won't be completed this year, especially after China demanded earlier this summer that its largest shipping company, Cosco, be included in the Western-investor deal.
"We are in a new stage of our deal and that includes, as we have said, discussions with a major strategic Chinese investor," Sixt said.
He continued, "I believe that there is a reasonable chance that those discussions will lead to a deal that is good for all of the parties, ourselves included, and most importantly,...
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14.08.25 - 11:18
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CK Hutchison first-half profit drops 92% on costs of UK Vodafone-Three merger (SCMP)
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CK Hutchison Holdings, the Hong Kong-listed conglomerate controlled by billionaire Li Ka-shing, posted a 92 per cent plunge in its interim profits, as various one-off costs amounting to HK$10.47 billion (US$1.3 billion) weighed on its performance, according to a stock exchange filing on Thursday.
The company, which operates businesses in ports, retail, telecommunications and energy, recorded a net profit of HK$852 million (US$109 million) in the six months ended June 30, compared with HK$10.2......
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07.08.25 - 21:12
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US envoy calls for barring Chinese-linked operators from key Panama Canal ports (SCMP)
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The US ambassador to Panama on Wednesday called for the removal of Chinese-linked operators from key Panama Canal ports, sharpening Washington's campaign to curb Beijing's influence over Latin American strategic infrastructure.
Speaking during a visit to Colón, Kevin Marino Cabrera criticised Panama Ports Company, a subsidiary of Hong Kong-based CK Hutchison, and said Washington supported efforts to replace it.
“Our position is that they are a bad operator. They have not done a good job,”......
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29.07.25 - 19:36
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Panama logs over 160 actions in ports investigation amid US-China canal dispute (SCMP)
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Panama's chief prosecutor said on Tuesday that more than 160 actions have been taken so far in a high-profile investigation into alleged wrongdoing by Panama Ports Company, the unit of Hong Kong's CK Hutchison Holdings that operates two Panama Canal ports, as the country finds itself in the crosshairs of a deepening power struggle between the US and China.
Attorney General Luis Carlos Gómez said that prosecutors are conducting interviews, issuing special requests and deploying investigative......
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