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Slim's Ideal says Panama asset seizure order unlawful
Monday, November 24, 2014 22:26
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Nov 24 (Reuters) – Mexican billionaire Carlos Slim's infrastructure firm Ideal on Monday said a seizure order by a Panamanian court targeting some of its assets was unlawful.
The order stemmed from a legal battle over the ownership of a concession to operate the Bajo de Mina hydroelectric plant in the Central American country.
The plant concession was first granted to Panamanian businessman Julio Cesar Lisac in 2006, but authorities revoked it and awarded it to Slim, newspaper La Estrella de Panama reported …. http://www.reuters.com
Source: http://luismmx.blogspot.com/2014/11/slims-ideal-says-panama-asset-seizure.html
