Hong Kong Tycoon Unshaken in Ports Deal: Evening Briefing Asia

CK Hutchison is moving ahead with its Panama ports sale as scheduled, in a sign China’s anger over the transaction hasn’t disrupted negotiations. Li Ka-shing’s firm and a BlackRock-led group are finalizing due diligence, tax, accounting and other deal terms, and are still aiming to sign an agreement as planned by April 2, according to people familiar with the matter.

If completed, the agreement over the Panama ports and the wider transaction of 41 others would net $19 billion in cash proceeds for CK Hutchison. The Goldman-brokered deal was initially hailed as a lucrative exit from a volatile business. But ...