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English news

13-Jan-2016

Agility’s subsidiary, Tri-Star, to buy ESHIPS for USD90 million

Agility Public Warehousing Company [AGLT.KW] announced that its 80%-owned subsidiary, Tri-Star Transport, has entered into an agreement to buy the entire share capital of UAE’s ESHIPS for USD90 million. The deal will be financed both internally and through bank loans. In its comment, the company added that ESHIPS, operating in the field of maritime transport of gas and chemicals, will enhance Tri-Star’s operations on a both regional and international basis. (Mubasher)

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