Brief: Marinemax On April 11, Without Warning Or Notice, General Directorate Of Ports Of Mexico Seized Assets Of Cabo Marina, Initiated Sanctioning Procedure
17/04/2024 22:49
April 17 (Reuters) - MarineMax Inc HZO.N :
* MARINEMAX:ON APRIL 11, WITHOUT WARNING OR NOTICE, GENERAL
DIRECTORATE OF PORTS OF MEXICO SEIZED ASSETS OF CABO MARINA,
INITIATED SANCTIONING PROCEDURE
* MARINEMAX INC - ASIPONA REJECTED CABO MARINA'S
APPLICATION FOR
A NEW CONCESSION FOR PORT OF CABO SAN LUCAS
* MARINEMAX: GENERAL DIRECTORATE OF PORTS & ASIPONA
SUBSEQUENTLY
FORCED CABO MARINA TO CEASE OPERATIONS, ASIPONA TOOK CONTROL OF
PORT OF CABO SAN LUCAS
* MARINEMAX: ENGAGED MEXICAN & U.S. GOVERNMENT OFFICIALS TO
RESOLVE DISPUTE, MAY RESORT TO LEGAL ACTION TO ENFORCE RIGHTS IF
DIPLOMATIC EFFORTS FAIL
* MARINEMAX: BELIEVES TAKEOVER OF CABO MARINA'S FACILITIES
IS
"ILLEGAL" & ALLEGED VIOLATIONS UNDERLYING SANCTION PROCEEDINGS
ARE "ILLEGITIMATE"
Source text for Eikon: [ID:https://bitly.ws/3idIi]
Further company coverage: HZO.N
((Reuters.Briefs@thomsonreuters.com;))