PSA International Acquires Non-Controlling Stake In FJCT


News: Singapore-based international ports operator PSA International has acquired a non-controlling stake in China's Fujian Jiangyin International Container Terminal (FJCT), thereby betting on continued trade growth in the Chinese province. The deal has enabled PSA International to emerge as the second-largest shareholder of FJCT after Fuzhou Port Group. However, PSA refused to comment on additional details regarding the transaction. PSA International also possesses stakes in the nearby Fuzhou International Container Terminal and Fuzhou Qingzhou Container Terminal.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: China, Singapore