PSA International, a Singapore-based port operator, has finalised an agreement to take over the Halterm Container Terminal in the Port of Halifax, Canada, and multipurpose Penn Terminals in Pennsylvania, USA.
According to PSA International, the terminals are acquired by Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets (MIRA).
However, the company didn’t provide any financial details related to the transactions.
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By taking over the terminals, PSA will expand in Canada, after entering the market with an investment agreement to acquire 60% of Ashcroft Terminal business, an inland port facility in Western Canada, in July 2018.
Almost two months ago, agreed to buy Poland’s largest container terminal, DCT Gdańsk, jointly with the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF).
At the time, the parties said that the shares would be purchased from MIRA-managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.
