The sale of the Balboa and Cristóbal ports' concession in Panama is pending finalization. The transaction involves CK Hutchison (the seller), BlackRock (the buyer), and the Panamanian government.
President José Raúl Mulino states that Panama is awaiting the completion of the deal. While an agreement was expected on April 2nd, delays occurred due to Chinese government review. The finalization awaits approval from the Panamanian government, as per the contract and the law.
Details regarding the financial and legal aspects are scarce until the agreement is finalized. The deal's value is estimated at approximately $23 billion. President Mulino's team is assessing various possibilities once the transaction closes. He also affirmed that an unrelated agreement with China concerning the Belt and Road Initiative is closed and won't be revised.