Keppel Infrastructure Trust (KIT) and its partner in the Philippines, Metro Pacific Investments Corporation (MPIC), have entered into a conditional sale and purchase agreement with Philippine Investment Alliance for Instructure (PINAI).

Under the agreement, KIT and MPIC will acquire 100% interest of Philippine Tank Storage International (Holdings) (PTSI), which, in turn, owns Philippine Coastal Storage & Pipeline Corporation (PCSPC) from PINAI, a fund.

PCSPC is the largest petroleum products import storage facility in the Philippines. The facility comprises three tank farms and one marine terminal area with a combined land size of about 150 hectares.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook