WSJ: Shipping tycoons discuss separating Panama ports from Hutchison deal
WSJ reports: The billionaires behind the MSC shipping empire are discussing carving out two Panama ports ...
Tomorrow’s deadline for CK Hutchison to sell its 90% stake in Panama Ports Company (PPC) to the BackRock-Terminal Investment (TiL) consortium is expected to be missed, as the political fall-out from the deal continues.
The sale of PPC was, effectively, separated from the main $22bn deal to acquire an 80% stake in Hutchison’s global portfolio, because at the time it was announced, the Panamanian government was investigating the legitimacy of PPC’s concession agreement, which was extended for a 25-year period in ...
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