ICTSI lifts stake in Pakistan terminal to 41.6%

2012-11-8

Philippines-based International Container Terminal Services Inc (ICTSI) has raised its stake in Pakistan International Container Terminal (PICT) to 41.6 percent as part of the company's global expansion plan, reported Dow Jones Newswires.

ICTSI Mauritius signed an agreement to acquire 7.2 million shares, or a 6.6 percent stake, in PICT from Jahangir Siddiqui & Co, ICTSI said in a statement to the Philippine Stock Exchange.
The company didn't disclose financial details of the deal, which comes less than a month after ICTSI Mauritius entered the Pakistani market when it completed the acquisition of a 35 percent stake in PICT.

ICTSI said earlier it was looking to buy up to 55 percent of PICT, which is publicly listed and has a maximum annual handling capacity of 750,000 TEUs.

ICTSI operates container terminals and port projects in 17 countries.

Source: cargonewsasia
 Related>>
  Diana Containerships signed agreement to acquire a Panamax container vessel 2012-11-8
  Bahri and Saudi Aramco execute definitive Transaction Agreements 2012-11-7
  TUI Cruises orders a second cruise ship from STX Finland 2012-11-7
  Voyage cancellation plan for Asia-Mediterranean loops in winter season 2012-11-7
  Wärtsilä awarded a major contract for fourteen tugs from Middle East 2012-11-7
  GE Shipping posts 3-fold rise in net profit 2012-11-6
  MOL narrows operating loss to US$31 million 2012-11-2
  Schedule reliability remains a problem area 2012-11-2
  South Korean shipyard orders MacGregor RoRo equipment for two car carriers 2012-11-2
  Ship shifting on Channel 2012-11-1
 


Chinese      -      About Us      -      FAQ     -     Contact Us     -      Site Map    -     Newsletter     -     Links     -     Privacy Policy     Terms of Use
Copyright Notice © 2000-2010 JCtrans Technology Co., Ltd. All rights reserved.