Carlos Slim, best known in the USA for his Obamaphones, and who was bidding for Univision earlier this year, is looking to diversify.
A Panamanian judge, however, is cramping his style:
Panamanian Judge Orders Embargo on Carlos Slim Assets
A Panamanian judge has ordered an embargo on the local assets of Mexican billionaire Carlos Slim’s infrastructure company in a legal dispute over a concession to build and operate a hydroelectric plant.
The decision to embargo 10 properties, including the Bajo de Mina hydro plant, follows a complaint by Panamanian businessman Julio César Lisac, who charges that the Panamanian government unjustly canceled his right to the concession in 2006 and later gave it to Mr. Slim’s company, Panamanian newspaper La Estrella de Panama reported on Sunday
Slim’s Ideal also operates toll roads, water projects and public transport terminals in Mexico.
A commenter at the WSJ mentions that “had the exact same thing happen to him after he bought Comp-USA almost fourteen years ago now.” Here’s a link to that story.
