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A deal struck by BlackRock to take control of two key ports on either end of the Panama Canal essentially aligns the world's largest money manager with preferences of the new Trump administration.

U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal.

Hong Kong's CK Hutchison on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc.-backed consortium, following intense pressure from U.S. President Donald

An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong subsidiary that runs ports along either side of the Panama Canal, giving a U.S.

The deal includes two ports that have been under scrutiny as potential avenues for Chinese influence in the operation of the canal.