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Panama Govt Requests CKH to Submit All Legal & Financial Documents for Review Regarding Port Sale
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Panama’s cabinet approved the appointment and directive of Luis Roquebert, head of the Panama City Port Authority, to require CKH HOLDINGS (00001.HK) to submit all legal and financial documents related to the sale of the Balboa and Cristobal ports to BlackRock (BLK.US) and Mediterranean Shipping Company (MSC), foreign media reported. Panama’s Minister of the Presidency, Juan Carlos Orillac, stated that the government took this action due to its lack of prior knowledge about the transaction. He noted that the government only learned of the deal through media reports and believed it is appropriate to request the documents for analysis to safeguard public interest. The Panamanian government will publish this decision in its official gazette. AAStocks Financial News |
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