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CK Hutch’s Unit Files Claim for $2bn in Damages on the Panama Ports Dispute
March 9, 2026
CK Hutchinson’s unit Panama Ports Company (PPC), has filed for an international arbitration against Panama seeking at least $2bn in damages. The dispute focuses on Panama’s takeover of the Balboa and Cristobal ports which PPC characterizes as an “illegal state takeover”. This follows February 23 executive decree against which PPC challenged the government’s seizure of its assets and proprietary materials. To provide context, Panama’s takeover of the ports occurred amid pressure from US President Donald Trump. Following this, CK Hutch’s planned $19bn sale of 43 global facilities to a BlackRock-backed consortium was disrupted.
CK Hutch’s dollar bonds were trading stable, with its 5.5% 2034s at 104.6, yielding 4.8%.
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