CK Hutchison Holdings Ltd.’s plan to sell two Panama ports to a BlackRock Inc.-led group is moving ahead as scheduled, people familiar with the matter said, in a sign that negotiations have not yet been disrupted by China’s anger over the transaction.
The parties involved are currently working on finalizing due diligence, tax, accounting and other deal terms, and are still aiming to sign an agreement as planned by April 2, the people said, asking not to be identified discussing private matters.
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