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BlackRock CEO Larry Fink is scheduled to speak Monday at S&P Global’s CERAWeek energy conference in Houston, Texas.
BlackRock agreed earlier this month to purchase a 90% stake in the Panama Ports Companywhich operates the ports of Balboa and Cristobal in the Central American nation. BlackRock is buying the majority stake from Hong Kong’s CK Hutchinson for $22.8 billion.
The BlackRock deal comes as President Donald Trump has threatened to take control of the Panama Canal. Trump has called CK Hutchinson’s controlling stake in the ports a national security threat.
The president praised the deal during his March 4 address to a joint session of Congress.
“My administration will be reclaiming the Panama Canal, and we’ve already started doing it,” Trump said. “Just today, a large American company announced they are buying both ports around the Panama Canal.”