March 6, 2012 / 9:36 AM / 8 years ago

ICTS to buy stake in Pakistan container cargo terminal

SINGAPORE, March 6 (Reuters) - Singapore’s International Container Terminal Services Inc (ICTS) said on Tuesday its subsidiary plans to acquire up to 55 percent of a Pakistan container cargo terminal operator.

ICTS’s unit ICTSI Mauritius Ltd is intending to buy 35-55 percent of Pakistan International Container Terminal Ltd , whose terminal is located at the Karachi port, it said in a statement.

The company did not say how much it will pay for the acquisition, but noted that the Pakistan firm handled a total of 669,806 twenty-foot equivalent container units for the year ended June 30, 11 percent higher than the year before. (Reporting by Charmian Kok)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below