BlackRock-TiL Consortium to acquire an 80% stake in Hutchison Ports from CK Hutchison for $18.3bn.

BlackRock-TiL Consortium agreed to acquire an 80% stake in Hutchison Ports, a port operator group, from CK Hutchison, multinational conglomerate, for $18.3bn. “This agreement is a powerful illustration of BlackRock and GIP’s combined platform and our ability to deliver differentiated investments for clients. These world-class ports facilitate global growth. Through our deep connectivity to organizations like Hutchison and MSC/TIL and governments around the world, we are increasingly the first call for partners seeking patient, long-term capital. We are thrilled our clients can participate in this investment,” Larry Fink, BlackRock Chairman and CEO.