President Trump wanted the U.S. to retake the canal. A deal struck by BlackRock will give American investors control of ports on either end of the vital trade route, though not oversight of the canal itself.

The deal would bring the ports under American corporate ownership, from Hong Kong-based CK Hutchison. 

The deal puts U.S. firms in control of two ports that President Trump raised as a security concern because of their connection to China. 

A BlackRock-led consortium agreed to buy majority stakes in two ports on the Panama Canal, along with dozens of others, from CK Hutchison for $22.8 billion.

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BlackRock

 agreed to buy majority stakes in ports on either end of the Panama Canal, putting U.S. firms in control of two ports that President Trump raised as a security concern because of their connection to China. 

CK Hutchison

 is worth $22.8 billion and also includes dozens of other ports around the world, the companies said Tuesday.

BlackRock Strikes Deal for Panama Ports After U.S. Pressure

BlackRock Strikes $23 Billion Deal for Ports on Both Sides of Panama Canal

$22.8 billion acquisition from Hong Kong-based CK Hutchison includes dozens of other ports across the globe

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Graham Capital, High Ground ride market volatility to post gains in February

Dovehouse Capital plans to start trading in the second quarter 

Here’s how hedge funds are playing the bitcoin ETF game

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Jeremy Dennison is re-joining the UK law firm

Trading Places: JPMorgan’s sponsor push, HSBC’s UK changes

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Find out who is on the move in the City and beyond this week

PwC UK senior partner hopeful Marissa Thomas exits partnership

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Thomas was overlooked for a spot on new senior partner Marco Amitrano’s management team

The fund took two years to build and will be active in North America, Europe and Australia.

Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion Haul

The U.S.’s threat to withdraw support for Ukraine has heightened pressure on European countries to formally seize the funds and use them to help Kyiv.

Why Ukraine’s Allies Are Divided Over Using $300 Billion in Russian Assets

Sycamore’s deal to take Walgreens private follows the storied chain’s decline amid e-commerce and health-industry changes.

Walgreens Goes From $100 Billion Health Giant to Private-Equity Salvage Project

Employees likely to be laid off in annual culling were given hints in the form of small bonuses.

Goldman Sachs to Target Vice Presidents in Next Round of Cuts

By Costas Paris, Jack Pitcher and James T. Areddy

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