• ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Temasek buys 9.95% stake in i-Logistics

Temasek buys 9.95% stake in i-Logistics

   Singapore government-controlled Temasek Holdings, parent company of global port operator PSA International and majority shareholder of Neptune Orient Lines, has acquired a 9.95 percent stake in i-Logistics Corp. from Japanese trading company Itochu Corp.

   The transaction was conducted through Temasek’s wholly owned subsidiary Seletar Investments Pte Ltd. No financial details were disclosed.

   i-Logistics’ operations include third-party logistics services, focusing on managing logistics for medicine and lifestyle consumer goods in Japan and overseas.

   Following Temasek’s share purchase, Itochu Corp. is still the largest shareholder in i-Logistics with a 48.7 percent stake and “will continue to drive the company’s growth strategy,” said Temasek.

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