Hong Kong's CK Hutchison is selling its controlling stake in a unit that operates Panama ports to a group including BlackRock, it said on Tuesday as the Trump administration piles up pressure to curb Chinese influence in the region.

CK Hutchison Holdings Ltd., the Hong Kong-based conglomerate, agreed to sell control of a unit that operates ports near the Panama Canal after pressure from US President Donald Trump to limit Chinese interests in the region.

Luis Carlos Gómez is supporting a lawsuit challenging the country's 20-year contract with a Hong Kong-based port operator, adding to pressures already levied by the U.S.

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.

CK Hutchison Holdings Ltd., el conglomerado con sede en Hong Kong, acordó vender el control de una unidad que opera puertos cerca del Canal de Panamá tras la presión del presidente de EE.UU. Donald Trump para limitar los intereses chinos en la región.

Hong Kong-based CK Hutchison sold control of a unit that operates ports near the Panama Canal to BlackRock as Trump alleges the canal is controlled by China

CK Hutchison is selling a 90% stake in Panama Ports to a consortium with BlackRock, amidst U.S. pressure to reduce Chinese influence. This deal involves control over major ports critical for global trade.

Honk Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc will buy an 80 per cent stake in Hutchison Ports group for an equity value of $17.77 billion.

Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in a unit that controls ports in Panama for an equity value of $14.21 billion. The sale of 90% interest in Panama Ports Company,