Hong Kong's CK Hutchison is selling its controlling stake in a unit that operates Panama ports to a group including BlackRock, it said on Tuesday as the Trump administration piles up pressure to curb Chinese influence in the region.

Hong Kong's CK Hutchison on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, following

(Reuters) - Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in Hutchison Ports Group for an equity value of $14.21 billion.

Investment giant BlackRock has teamed up with Diego Aponte-led MSC Group to buy Panama Ports Co, which had come under pressure from Trump Administration officials, as part of a sweeping $22.8bn deal with CK Hutchison Holdings.

Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in a unit that controls ports in Panama for an equity value of $14.21 billion. The sale of 90% interest in Panama Ports Company,

US President Donald Trump has said he wants the US to regain control of the Panama Canal. Read more at straitstimes.com.

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donal

President Trump wanted the U.S. to retake the Panama 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.

Hong Kong's CK Hutchison on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, following intense pressure from U.S. President Donald Trump to curb China's influence in the region.

BlackRock has agreed to buy two major ports at the Panama Canal from their Hong Kong-based owner, following pressure from Donald Trump over alleged Chinese influence at the vital waterway. In apparent reference to the ports,