CK Hutchison ports deal deadline likely to be extended as US-China tensions weigh, sources say

CK Hutchison's $22.8 billion ports business sale to a BlackRock-led consortium faces delays amid political tensions and regulatory scrutiny. The deal, encompassing 43 ports including those near the Panama Canal, is complicated by China-U.S. trade war dynamics and potential antitrust concerns. While the exclusive negotiation deadline may extend, the addition of COSCO to the consortium could further inflame U.S. opposition.