Independent journal on economy and transport policy
19:52 GMT+2
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Mitsui & Co. it offers 181 million dollars in order to buy Portek International
The Japanese group has already received proposed irrevocable of subscription that allows to obtain it the control of the company of Singapore. ICTSI had recently introduced an analogous offer of the value of 146 million dollars
July 13, 2011
Today the Japanese group Mitsui & Co., through the Nomura Singapore Ltd., have introduced an offer in order to acquire the entire capital stock of the Portek International Ltd., terminalista society that has center to Singapore, commercialize harbour equipments and work eight harbour terminals in Indonesia, Algeria, Malta and Gabon and a dry port in Rwanda. We remember that in the past weeks also terminalista group Philippine ICTSI had introduced an offer in order to acquire the Portek ( on 1° June 2011).
The offer of the Mitsui group is of 1,40 dollars of Singapore for cash each action of Portek respect to an offer of 1,20 dollars of Singapore cash introduced from ICTSI. The total value of the proposal of the Japanese group is of about 221 million dollars of Singapore (USA 181 million dollars).
Mitsui has announced to have received proposed irrevocable for the subscription of 78.267.050 sets in action, pairs to about 51.29% of the capital stock (or to about 50.05% if the options will be exercised all respect to actions in emission).
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