CK Hutchison’s subsidiary decries Panama’s “invasion” of property

PANAMA CITY, Feb ‌27 (Reuters) - The Panama unit of Hong ​Kong conglomerate CK Hutchison said on Friday that Panamanian authorities ​carried out an "unnotified intrusion on a private ​storage facility," a ⁠day after reports of ‌a government raid on the subsidiary.

In a statement, CK ​Hutchison's ‌Panama Ports Company (PPC) said the ⁠Panamanian government "acted in disregard of the rule of law, as ⁠evidenced by ‌yesterday’s invasion and seizure ⁠of PPC property."

Panama's government ‌did not immediately respond ⁠to a request for comment.

PPC ⁠until recently ‌held contracts to operate two ​terminals at ‌the Panama Canal's Pacific and Atlantic entrances. The ​government last month moved to annul the ⁠deals that gave the company control of the two canal ports. 

(Reporting by Elida Moreno; Writing by Brendan O'Boyle, Editing by Daina ​Beth Solomon)