ICTSI Tapped to Take over Brazil Port
International Container Terminal Services Inc. (PSE: ICT) of billionaire Enrique Razon Jr. is bolstering anew its global operations as it is poised to take over the concession rights to operate and develop a container terminal in the port of Rio de Janeiro City, Brazil.
In a disclosure, ICTSI said that its wholly owned subsidiary, ICTSI Americas B.V., was declared the winning bidder to acquire 100 percent of the shares of Libra Terminal Rio S.A. from Boreal Empreendimentos e Participações SA.
