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Black Rock CEO Larry Fink will speak Monday at the S&P Global’s Cerawek Energy Conference in Houston, Texas.
Earlier this month, BlackRock agreed to buy a 90% stake in the Panama Port Company, which operates the ports of Balboa and Cristobal in Central America. BlackRock is buying a majority stake from Hong Kong’s CK Hutchinson for $22.8 billion.
The BlackRock deal comes as President Donald Trump threatens to take control of the Panama Canal. Trump calls control of CK Hutchinson at the port a national security threat.
The president praised the contract during his speech to the March 4th Congressional joint session.
“My administration has reclaimed the Panama Canal and has already begun it,” Trump said. “Just today, the American companies announced they would be purchasing both ports around the Panama Canal.”
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