Latest Breaking News On - Philippine tank storage international - Page 1 : vimarsana.com

12.14.2020 - NEWS December 13, 2020 [Hydrocarbon Engineering] – Keppel Infrastructure Fund Management Pte Ltd (KIFM), as the Trustee-Manager of Keppel Infrastructure Trust (KIT), is pleased to announce that KIT and Metro Pacific Investments Corp. (MPIC) have entered into a conditional sale and purchase agreement with Philippine Investment Alliance for Infrastructure (PINAI) to acquire 100% interest of Philippine Tank Storage International (Holdings) Inc. (PTSI) which owns Philippine Coastal Storage & Pipeline Corp. (PCSPC), a petroleum products import storage facility in the Philippines.   Upon completion of the proposed acquisition, it is intended that KIT will indirectly hold 80% of the shares in PTSI, and MPIC will indirectly hold 20% of the shares in PTSI. The purchase consideration payable by KIT will be in proportion to its respective shareholding in PTSI and is estimated to be US$267 million (approximately S$357.6 million

Subic bayMetro manilaPhilippines generalMatthew pollardPhilippine coastal storage pipeline corpMetro pacific investments corpKeppel infrastructure trustKeppel infrastructure fund management pte ltdPhilippine tank storage international holdings incPhilippine investment alliance for infrastructureMetro pacific investmentsPhilippine investment alliancePhilippine tank storage internationalPhilippine coastal storageSubic bay freeport zoneNorth luzon