Independent journal on economy and transport policy
14:06 GMT+2
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Portek International will exit from the list of the securities market of Singapore
To Mitsui & Co. 97.04% of the capital stock of the terminalista society
August 22, 2011
The offer in course by Mitsui & Co. Ltd. in order to acquire the entire capital stock of the terminalista society Portek International of Singapore it has carried the Japanese group to acquire on 17 August, through the Nomura Singapore, 97.04% of the Portek ( on 13 July 2011). In the next few days the acquisition of remaining is previewed sets in action of Portek.
While today Portek has communicated that as a result of takeover Mitsui will carry out the delisting of the society from the Stock exchange of Singapore, operation that has obtained the green light of the Singapore Exchange Securities Trading Ltd. and that it will be carried out soon. Therefore with takeover the Portek it will integrally become a controlled society from the Mitsui group and will exit from the list of the securities market of Singapore.
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