Hong Kong’s CK Hutchison has condemned the uninvited takeover of its Panama port by the country’s authorities, calling it unlawful and the “culmination of a campaign” against its subsidiary that operated the terminals.
The conglomerate, led by Hong Kong tycoon Li Ka-shing’s family, made the remarks on Tuesday, a day after Panama’s Maritime Authority acted on a presidential decree allowing it to take over and operate the Balboa and Cristobal ports for “reasons of urgent social interest”.
The move…
Panama’s port takeover ‘culmination of a campaign’ against CK Hutchison
