Fiji Government partners with Aitken Spence to overhaul the operations of the country’s two biggest ports

30 Apr

Aitken Spence announced through the Colombo Stock Exchange filing the following:

“In terms of Rule 8 of the Listing Rules, we wish to bring to your kind notice that Aitken Spence PLC entered into an agreement with Fiji Ports Corporation Limited, an entity wholly owned by the Government of the Republic: of Fiji to manage the cargo handling activities in
the Ports of Suva and Lautoka on a concession period of 15 years. Aitken Spence PLC will acquire a majority stake in Ports Terminal Ltd., a subsidiary of Fiji Ports Corporation Limited which will manage the operations. The investment of approximately FJD 10.5 million will be subject to the approval of the Central Bank of Sri Lanka and any other relevant regulatory authorities.”

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