Today the Philippine terminal group International Container Terminal Services, Inc. (ICTSI) and the terminal operator group DP World of Dubai have signed an agreement with China's Yantai Port Holdings to sell their stakes in Yantai International to her Container Terminal Co., which are respectively 51% and 12.5% of the capital. The Chinese company, which manages the port of Yantai and which currently holds 36.5% of the capital of Yantai International Container Terminal Co., will therefore have the entire owned by the terminal company of Yantai.

Announcing that its stake will be sold for 773.2 million yuan (US$112 million, ICTSI has specified that, after twenty years of presence in Yantai ( of 10 January 2007), the sale is part of the long-term strategy Group Term Focused on Concession Contracts Compared to to which ICTSI has control of essential aspects of the activity, in particular with regard to the long-term development and business activities.