Ashcroft Terminal Limited has signed an investment agreement with Canadian Tire Corporation wherein the latter will acquire a 25% equity interest in the company.
PSA International Pte Ltd (PSA) will continue as the operator and retain a majority interest of 60% with the remaining 15% interest held by founding partner CrescentView Investments Ltd.
Enno Koll, CEO, Ashcroft Terminal and regional head of PSA Americas, said: “We are excited that Canadian Tire, the single largest container importer in Canada, is joining forces with PSA International and Ashcroft Terminal to form a long-standing partnership.
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