ICTSI sells subsidiary, settles labor dispute

By The Manila Times

Feb 03, 2024 12:23 am

INTERNATIONAL Container Terminal Services Inc. (ICTSI) has completed the sale of its 80.19-percent stake in PT ICTSI Jasa Prima Tbk, its listed subsidiary in Indonesia, to PT Sarana Kelola Investa, for a consideration of $2 million.

PT ICTSI Jasa Prima is a listed company in Indonesia engaged in the development, construction and operation of terminals and maritime logistics infrastructure.

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