ASIAN TERMINALS TO BUY 60% OF BATANGAS PORT OPERATOR
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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