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11 December 2019 The on-line newspaper devoted to the world of transports 07:09 GMT+1



JULY 7, 1997

ASIAN TERMINALS TO BUY 60% OF BATANGAS PORT OPERATOR

[MANILA]

Asian Terminals Inc said it completed an agreement to purchase 60 per cent of Aries Arrastre Services Inc, the operator of the Batangas port south of Manila.

Under a memorandum agreement, Asian Terminals will purchase shares from a capital increase by Aries. Aries stockholders, led by the Faytaren family, agreed to waive their rights to the new ......
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