CK Hutchison loses $30B in value as Panama threatens port seizure
Key Points
- CK Hutchison faces a lawsuit in Panama that could strip it o...
When your investment loses two-thirds of its value and the government wants to take away your crown jewels, you know it's been a rough quarter. CK Hutchison just discovered this harsh reality as Panama's comptroller general filed a lawsuit to strip the Hong Kong conglomerate of its control over two strategic ports flanking the Panama Canal.
When BlackRock Says "Thanks, But No Thanks"
The timing couldn't be more brutal. Just four days before comptroller Anel Flores dropped this legal bombshell on July 31st, CK Hutchison's talks with a BlackRock-led consortium about selling these very same...
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