How Adebayo Ogunlesi's GIP acquired the Panama Canal Ports for $23 billion

• Global Infrastructure Partner, a subsidiary of BlackRock, owned by Adebayo Ogunlesi, has acquired the Panama Canal Ports for $23 billion
• A Hong Kong-based conglomerate agreed to relinquish its controlling stakes to Global Infrastructure Partners
• The $23 billion deal will see the GIP operate the deal in partnership with TIL and other partners

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Hong Kong-based conglomerate has agreed to sell its shares in a subsidiary operating near the Panama Canal to a consortium, including Global Infrastructure Partners, a subsidiary of BlackRock Inc.

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