SEHK:1Industrials
CK Hutchison Arbitration With Panama Puts Port Sale And Valuation In Focus
CK Hutchison Holdings has started international arbitration against Panama after the country’s Supreme Court annulled its long standing operating contracts for two Panama Canal ports.
The move follows Panama’s decision to void the decades long concessions, which has drawn a strong response from China, including trade related countermeasures.
The dispute comes as CK Hutchison is working on a multi billion dollar port asset sale that includes its Panama operations.
For investors watching CK...