Keppel Infra Trust and Philippine partner to buy storage facility owner
Add BT as a preferred source
Singapore
THE manager of Keppel Infrastructure Trust (KIT) and its Philippine partner Metro Pacific Investments Corporation (MPIC) have entered into a conditional agreement to fully acquire an entity that owns the largest petroleum products import storage facility in the Philippines.
The target entity is the Philippine Tank Storage International (Holdings) Inc (PTSI), which owns the storage facility, the Philippine Coastal Storage & Pipeline Corporation (PCSPC).
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers
Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
