BlackRock Stock Plunges 3.31% Amid Port Deal Delays

On April 15, 2025, BlackRock's stock experienced a 3.31% drop in pre-market trading.

Li Ka-shing's conglomerate, which was set to sell 43 global ports to the American BlackRock Group, has faced significant hurdles. The deal, which included strategic ports in Panama, has been met with intense scrutiny and political pressure. The transaction, initially slated for April 2, was delayed due to concerns over geopolitical risks and regulatory challenges. The ports in question are crucial for global trade, and their potential sale to an American entity has raised alarms about increased geopolitical tensions, particularly in the context of escalating U.S.-China relations.

In response to the setback, Li Ka-shing has taken steps to bolster his holdings. His family has increased their stake in Long Real Estate, indicating a potential restructuring of the company. This move is seen as an effort to consolidate control and potentially relocate the company's registration to the Cayman Islands, a known tax haven. This strategic shift could provide more flexibility for future capital operations and reduce regulatory risks.

Meanwhile, a new potential buyer has emerged for the ports. The Italian billionaire Aponte family is in talks with Li Ka-shing's Long and Company to acquire the 43 ports. This development comes as a potential lifeline for the stalled transaction, although it remains uncertain whether the deal will proceed given the ongoing geopolitical and regulatory challenges. The Aponte family, known for their long-standing relationship with Li Ka-shing, is seen as a reliable partner, but the transaction still faces significant hurdles, including potential U.S. pressure and regulatory scrutiny.