ICTSI ups stake in Argentine terminal
The Philippines-based global terminal operator International Container Terminal Services Inc. has upped its stake in a terminal it manages in La Plata, Argentina.
ICTSI, which had a 75 percent share of the terminal, has purchased another 10 percent from its joint venture partner, Loginter S.A. Loginter will retain the other 15 percent share.
La Plata is located just south of Buenos Aires.
Financial terms of the deal, which was announced in a statement to the Philippine Stock Exchange this week, were not disclosed.