CK Hutchison

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

The court's decision could disrupt CK Hutchison’s proposed US$23 billion sale of dozens of ports worldwide, including the Panamanian terminals.

Panama court quashes CK Hutchison port contracts, clouding sales plan

Panama Ports Company says court ruling inconsistent with legal frameworks

CK Hutchison invited Cosco into the consortium last year to secure Beijing’s approval, after China denounced the deal as bowing to US pressure.

Li Ka-shing mulls new ownership terms to complete ports deal

The sale of the 43 ports is expected to net CK Hutchison more than US$19 billion in cash

CK Hutchison has been focusing on enhancing the group’s returns.

CK Hutchison weighs London, Hong Kong listing of global telco assets: sources

The telco unit would be on the fast track to be included in London’s FTSE100 index

Watson said it has more than 180 million loyalty members and plans to open about 1,000 new stores this year.

CK Hutchison seeks US$30 billion valuation for retail unit Watson Group’s Q2 IPO: sources

Temasek Holdings, which holds a 25% stake, is seeking to exit its investment in the IPO