BlackRock buying two Panama Canal ports from China's Hutchinson

• This deal could potentially alleviate those concerns.

Zoom in: Hutchinson's official statement says the deal is "wholly unrelated to recent political news reports concerning the Panama Ports" — but it also says the deal was the result of a "rapid" process.

• BlackRock declined to comment further, although sources say that the firm briefed both the White House and Congress on the deal.

By the numbers: The deal is structured in two parts, one of which covers Hutchinson's 90% interest in the ownership and operation of the Balboa and Cristobal ports in Panama.

• It will proceed separately from the second part, which covers 43 ports in 23 countries. Hutchinson-owned ports in China are not included.

What to watch: BlackRock didn't give an estimated closing date, likely because of how many different regulators will need to weigh in.

• The agreement is expected to be formally signed by April 2.