Panama’s port takeover ‘culmination of a campaign’ against CK Hutchison

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, issued its statement on Tuesday, a day after Panama’s Maritime Authority acted on a presidential decree allowing it to occupy and operate the Balboa and Cristobal ports for “reasons of urgent social interest”. The...

By Connor Mycroft