Macquarie Group has reached an agreement to sell the largest container terminal in Eastern Canada. Namely, it finalized a deal to hand over the Halterm terminal at the Port of Halifax to PSA International Pte Ltd.
According to Reuters, PSA International will also buy Penn Terminals in Philadelphia from the Australian firm. Macquarie Infrastructure Partners, a fund managed by a Macquarie Group subsidiary, owns both of these terminals.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
Commenting on the agreement, a Macquarie spokesperson noted that it is in the process of obtaining regulatory approvals from Canadian and US authorities.
However, Macquarie has not yet commented on the price tag or closing date.
In order to buy the container terminals, PSA beat out numerous offers for Halterm, including a joint bid by Canadian National Railway Co. and a partner.
