The consortium behind a planned $23bn ports deal has held talks with China’s antitrust regulator, as it seeks to navigate tensions between Washington and Beijing over the Panama Canal.
Representatives of the Swiss-Italian shipping company MSC and US asset manager BlackRock held in-person discussions with the State Administration for Market Regulation (SAMR) in recent weeks, according to people briefed on the matter.
The meeting occurred ahead of a required formal submission by the consortium for official review of a deal made with Hong Kong’s CK Hutchison, which includes the takeover of two Panamanian ports. It came as the parties explored ways to ensure Chinese regulators approved the controversial transaction, the people said.
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