Hong Kong company Hutchison announced on Tuesday that it has entered into a preliminary agreement to sell two ports at the Panama Canal to an American consortium led by investment giant BlackRock.
Under the terms of the deal, Hutchison plans to sell its stakes in the ports of Prince Albert and Cristobal on the Pacific side of Panama. These ports are key points in international trade, serving as locations for the unloading and loading of vessels from different countries.
It is expected that the deal will be completed after the passage of all necessary legal procedures and obtaining approvals from the relevant regulatory bodies. Company representatives assure that the deal is part of the strategy to optimize business and separate from certain assets for subsequent investments in other perspective projects.
"The sale of these ports will be beneficial for all parties involved, and we are confident that the new owners will be able to develop the potential of these assets even more successfully than we did," said a representative of Hutchison.
