Independent journal on economy and transport policy
02:11 GMT+1
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Aitken Spence yields own quota (30%) in Colombo International Container Terminals to Chinese CMHI
The society is participated to 15% also from Sri Lanka Ports Authority, that it will acquire ulterior a 6.43%
January 27, 2012
The group Sinhalese Aitken Spence has announced the sale of own quota 30% in the capital of the terminalista society Colombo International Container Terminals Ltd. (CICT) to the Chinese group Lowers Merchants Holdings (International) Co. Ltd. (CMHI), than currently stops 55% of the CICT while remaining 15% are of property of Sri Lanka Ports Authority (SLPA). The transaction has a value of 630 million sri lanka rupees (5,5 million dollars).
With the acquisition of the participation of Aitken Spence the CMHI quota will go up therefore to 85%. However the Chinese group has announced that the SLPA has expressed intention the intention to buy from CMHI 6.43% of the CICT capital after the passage of the quota Aitken Spence to the same CMHI.
Colombo International Container Terminals will manage the first container terminal of the new area Southern Harbour of the port of Columbus, whose construction is started at the end last year and that it will become operating at the beginning of 2014 ( on 16 December 2011).
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