PSA International unit to buy majority stake in Polish intermodal operator

Quick Summary:

The 85% stake in Loconi will be acquired from publicly traded Polish freight forwarder ATC Cargo.

The hub’s rail terminal currently handles more than 500 trains each month, said the press release.

Loconi, which was established in 2011, runs 220 trains every month and handles approximately 250,000 20-foot equivalent units each year, added the filing.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporePoland

Topics: Stake Month Terminal Traded Freight Polish Announced International Port Acquire Forwarder

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 20:38:34 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22016385

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 8 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 8 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions