US EditionPanama Ports says it will discuss ports sale with Panama government
- Panama Ports Company announced it will discuss the sale of two key ports with the Panama government at an appropriate time.
- CK Hutchison owns a 90% stake in Panama Ports Company, which operates the Balboa and Cristobal ports under a renewed 25-year concession.
- Panama's Comptroller General's office filed two suits in the Supreme Court to nullify the contract with Panama Ports Company, citing legal violations.
- PPC stated that engaging with the Government of Panama is crucial for discussing the future of the company.
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12 Articles
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Panama says it could take over ports as it threatens to upend $20B deal with BlackRock, MSC
Panama’s President Jose Raul Mulino said Thursday that the state could take over two key ports along the canal as it asks courts to strike a contract with current operator CK Hutchison.
The sale of two ports located at the entrance of the Panama Canal "follows its active course", said this Friday the subsidiary of the Hongkonesa CK Hutchison that operates them, while asking the Panamanian government for "respectful coordination and consultations to protect the concession".The entry Sale of two ports in the Panama Canal "follows its course", says its Hong Kong operator was first published in Digital Process.
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