Hutchison will sell 90 percent of its share in the Panama Ports Company, as well as some other non-Chinese ports to American Blackrock, the company announces.
The price for the deal will be approximately 19 billion US dollars, equivalent to SEK 200 billion.
The message comes after heavy pressure from US President Donald Trump who threatened to take back the Panama Canal which he believes is controlled by China. Trump has not excluded military means against Panama to get his will through.