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Hong Kong conglomerate CK Hutchison said Thursday it was seeking more than $1.5 billion in damages from Panama after the country seized two canal ports caught in the crosshairs of U.S.-China tensions. CK Hutchison said in the statement that it had begun new arbitration proceedings against Panama and alleged that the Central American country had breached an investment protection treaty through “sovereign acts that targeted a decades-old ports concession” in a “state attack campaign” on the company’s assets in the Central American country. Panama’s government in February seized the Balboa and

£4.3 billion deal sees Vodafone complete buyout and become full owner of VodafoneThree.

David Konckier is in discussions with CK Hutchison Holdings for the perfumery chain.

CK Hutchison Holdings (SEHK:1) has agreed to divest its significant stake in VodafoneThree to Vodafone Group. The transaction forms part of a capital recycling initiative aimed at reshaping the company’s portfolio and balance sheet. The deal centers on telecom assets, an area where CK Hutchison has been active across multiple markets. For investors, this move touches one of the core pillars of CK Hutchison’s business: telecoms, alongside its ports, retail, infrastructure and energy...

While Panama chased a Chinese terminal operator out of its ports, U.S. companies face long odds in bidding for those port concessions, a source says. The post Panama container terminal bidding stacked against U.S. companies: Source appeared first on FreightWaves.

Hong Kong billionaire Li Ka-shing is to offload his £4.3bn stake in VodafoneThree in the wake of the merger of the two telecoms giants.