Blackrock agrees to buy
- Thread starter 55dawg
- Start date
Lol. I’m sure lots of people would buy it.
It’s not for sale. But we should def find a way to take it back.
Carter is the worst effing President ever.
Sounds like a done deal. Not sure what “buy” means. Ck Hutchinson, apparently a Chinese company, ran ports at each end of the canal. Blackrock is “buying” from CL Hutchinson. Haven’t had time to dig into this yet.
Blackrock is apparently the exception to Nvida being told that no one is worth $3 trillion. Blackrock is worth $13 trillion.
I know, I know, Apple etc. BTW, Blackrock is getting out of the DEI business. I would have bet money on Musk buying the canal, but he’s stretch thin.
I know, I know, Apple etc. BTW, Blackrock is getting out of the DEI business. I would have bet money on Musk buying the canal, but he’s stretch thin.
They may have $13T of AUM (aka other folks' money)...but the company itself is only worth $150 billion or so.
Blackrock is worth $147 billion. They may have $13 trillion under management. Big difference.
Blackrock is buying a majority interest in a Hong Kong company that controls ports at either end of the canal, as well as other ports around the world, not the Panama Canal itself. They are using investor funds under management, not their own capital.
"In a filing, CK Hutchison Holding said Tuesday that it would sell all shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium in a deal valued at nearly $23 billion, including $5 billion in debt." - AP
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