Cosco Demands Majority Stake in BlackRock’s $23B Panama Canal Ports Deal Amid US-China Rivalry
A high-stakes geopolitical drama is unfolding over the Panama Canal’s vital ports, where China’s state-backed shipping giant Cosco Shipping is demanding a controlling stake in a $23 billion deal led by BlackRock and the Mediterranean Shipping Company. The Financial Times reports that this aggressive push risks derailing the transaction, which includes two strategically located ports […]
