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Panama rules against concession for Slim’s Ideal

Tuesday, November 16, 2010


Panama’s Supreme Court overruled a 2006 resolution of the Public Services Authority that withdrew a hydroelectric concession from Julio César Lisac.

The following year, the concession was awarded to Ideal, a company controlled by Mexico’s Carlos Slim, reported to be the world’s wealthiest tycoon.

But four years later, the court finally decided in favor of Lisac, and against Carlos Slim.

Original source (in Spanish): La Estrella