International Container Terminal Services Inc. has announced its unit ICTSI Mauritius Ltd. has completed the acquisition of a 35% stake in Pakistan International Container Terminal Ltd.
PICT, which is publicly listed, has a maximum capacity of 750,000 twenty-foot equivalent container units, ICTSI said in a statement to the Philippines stock exchange. The company didn’t disclose financial details of the transaction.
ICTSI operates container terminals and port projects in 17 countries.