A cargo ship waits at Balboa Port before crossing the Panama Canal in Panama City on Feb. 4, 2025. Martin Bernetti/AFP via Getty Images
Hong Kong-based conglomerate CK Hutchison Holdings said it plans to invite a “major strategic investor” from China to join the consortium seeking to buy its global port assets, a portfolio that includes two terminals at either end of the Panama Canal.
The announcement came on July 28, following the expiration of a 145-day exclusivity period for negotiations on the proposed $22.8 billion sale.
