CK Hutchison

CK Hutchison unit seeks US$2 billion in Panama ports dispute

The two ports are part of the Hong Kong conglomerate’s deal announced in March last year

The two Panama Canal ports are at the heart of the US$23 billion deal announced last year.

BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets: report

The Hong Kong-listed conglomerate has been seeking to sell its non-Chinese ports business, which spans 43 terminals in 23 countries

CK Hutchison has said that it sees the decision as unlawful and is considering legal action.

Panama officials search CK Hutchison’s subsidiary office: source

The decision has sparked a battle embroiling both Beijing and Washington

Victor Li must now steer the company through a more volatile landscape marked by increasing trade tensions and the disruptive rise of artificial intelligence.

Li Ka-shing sheds key UK power asset in makeover for new era

The power asset sales comes as CK Hutchison’s proposed sale of 43 global ports grows more complicated

CK Hutchison said that Panama has provided no clear assurances about PPC’s continued operations at Balboa and Cristobal.

CK Hutchison warns of legal action if Maersk takes over Panama’s Balboa, Cristobal terminals

The move comes after Panama’s Supreme Court annulled key port contracts held by PPC

CK Hutchison, which has been operating the two Panama terminals since 1997, is seeking damages through international arbitration against the court ruling.

China pauses Panama deals after ports operation nulled: sources

The move could derail potential investments worth billions of US dollars

Panama’s Supreme Court last week ruled the contracts violated Panama’s constitution by giving the company exclusive privileges and tax exemptions.

Li Ka-Shing’s port unit starts arbitration against Panama

The company characterises the court’s decision as a breach of good faith and the spirit of the agreement

While the two Panama ports account for just 5% of Hutchison Port Holdings’ earnings before interest, tax, depreciation and amortisation (Ebita), their strategic importance is high.
EXPLAINER

Implications of Panama court ruling to quash CK Hutchison port concessions

Impact on CK Hutchison’s global ports deal is unclear, but analysts say talks ease without Panama