Panama begins buying the 41% stake in Petroterminal from US firm NIC Holding, taking full control of the pipeline that bypasses the Panama Canal. Funded by cash flow.

La operación se financiará con los ingresos de la propia compañía, sin recursos del Tesoro ni nueva deuda pública. El precio y el plazo de ejecución aún no fueron divulgados.

The Panamanian government said on July 17 it would buy the remaining 41 percent private stake in Petroterminal from a U.S. company, giving Panama complete control of the strategic…