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New York Post
19 days

Panama says it could take over ports as it threatens to upend $20B deal with BlackRock, MSC

1. Panama's president may nationalize two ports impacting BlackRock's control bid. 2. CK Hutchison's contract could be deemed unconstitutional amid court challenges. 3. China opposes BlackRock's deal, seeking equal stake in the Panama ports. 4. National security concerns reportedly influenced proposed changes in port ownership. 5. Past irregularities in CK Hutchison's agreement raise doubts about its legitimacy.

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FAQ

Why Very Bearish?

The potential takeover of ports by Panama threatens BlackRock's $20 billion deal, similar setbacks have historically led to significant stock price declines.

How important is it?

This article discusses legal challenges directly jeopardizing a key investment for BlackRock, likely to have immediate stock market repercussions.

Why Short Term?

Immediate implications from ongoing lawsuits and government decisions may affect BlackRock quickly.

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