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FX Daily Updates
Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports
georgemiller
Publish Date: Fri, 08 Aug 2025, 04:19 AM

Aug 8 (Reuters) - China's state-owned shipping giant Cosco (601919.SS) , opens new tab aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the Financial Times reported on Friday.
Reuters could not immediately verify the report.
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https://www.reuters.com/world/china/cosco-seeks-least-20-stake-23-billion-panama-canal-ports-deal-ft-reports-2025-08-08/