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Spain’s Sacyr says talks over Panama Canal hit impasse

Feb 6, 2014

Spanish construction company Sacyr on Tuesday said negotiations with the Panama Canal Authority (ACP) over who should pay $1.6bn in extra costs on the project to widen one of the world’s most important waterways had broken off. Sacyr leads the GUPC building consortium in charge of expanding...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management