A consortium of investors led by BlackRock has agreed to buy majority stakes in ports on both sides of the Panama Canal from CK Hutchison for $22.8 billion, the companies said Tuesday. The deal would bring the key ports under American corporate ownership,

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 Inc., after President Donal

Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock consortium.

Donald Trump promised on Day 1 to seize the Panama Canal. “We’re taking it back,” the US president declared in his inaugural address. Within weeks, Wall Street billionaire Larry Fink was on the line with the White House.

Luis Carlos Gómez is supporting a lawsuit challenging the country's 20-year contract with a Hong Kong-based port operator, adding to pressures already levied by the U.S.