BlackRock’s Ports Deal Marks New Reach, Hands Win to Trump (2)

BlackRock Inc. led one of the biggest acquisitions of the year in a deal that marked both the firm’s expanded reach in infrastructure and a win for US President Donald Trump, who had raised concerns over control of key ports near the Panama Canal.

The world’s biggest asset manager led a consortium that will buy a controlling stake in Panama ports that had become a political lightning rod and a larger unit that has operations across 23 countries. CK Hutchison, the conglomerate founded by Hong Kong billionaire Li Ka-shing, said it would receive cash proceeds of more ...