Investing.com-- CK Hutchison Holdings Ltd’s (HK: 0001 ) plan to sell two Panama ports to a consortium led by BlackRock Inc (NYSE: BLK ) remains on track, with the parties working toward finalizing the deal by April 2, Bloomberg reported on Wednesday, citing sources familiar with the matter.

The consortium, which includes BlackRock’s Global Infrastructure Partners LP and Terminal Investment Ltd., is progressing with due diligence, tax, and accounting procedures, the report said.

The broader $19 billion sale of 41 CK Hutchison ports also continues as planned, the Bloomberg report stated.

The exclusive 145-day negotiation period for the deal limits other potential bidders, such as Chinese state-owned firms, Bloomberg reported.

China has raised concerns over the transaction, with senior officials reportedly examining the deal for potential national security and antitrust violations, according to the report.

Beijing has expressed displeasure over the sale, particularly after U.S. President Donald Trump framed it as reducing Chinese influence in the Panama Canal. However, CK Hutchison has not commented on whether it will alter its plans, the Bloomberg report added.