PSA International takes minority stake in Vietnam-based SOTRANS Group

PSA International Pte Ltd (PSA) has through its fully-owned subsidiary, PSA Cargo Solutions Vietnam Investments Pte Ltd, acquired a strategic minority stake in leading Vietnamese logistics provider SOTRANS Group (STG) from Indo-Trans Logistics (ITL).

This partnership between PSA and ITL leverages both PSA’s strength as a global network of deepsea, rail and inland terminals, and affiliated logistics, as well as STG’s strong presence in Vietnamese with its local expertise in logistics, ports, barging and project cargo.

Tan Chong Meng, group CEO of PSA International, said: “This latest venture into Vietnam strengthens our network in the region and is in line with our aspiration to be a global supply chain orchestrator and enabler of sustainable trade.