Independent journal on economy and transport policy
01:39 GMT+2
ASIAN TERMINALS TO BUY 60% OF BATANGAS PORT OPERATOR
(Shipping Times)
July 7, 1997
[MANILA]
Asian Terminals Inc said it completed an agreement to purchase 60 per cent of Aries Arrastre Services Inc, the operator of the Batangas port south of Manila.
Under a memorandum agreement, Asian Terminals will purchase shares from a capital increase by Aries. Aries stockholders, led by the Faytaren family, agreed to waive their rights to the new ...... Read more on Shipping Times
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