Penn Terminals

PSA completes Penn Terminals takeover as it looks to boost perishables business

Singapore box terminal operator PSA has formally entered the US market after completing its purchase of Philadelphia multipurpose operator Penn Terminals from Australian investment fund Macquarie Infrastructure and Real Assets (MIRA).
Completion of the deal followed a decision by US regulators to allow the takeover.
“This acquisition represents PSA’s very first foray into the USA. We are delighted to embrace Penn as the newest member of the global PSA family and to …

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https://theloadstar.com/psa-completes-penn-terminals-takeover-as-it-looks-to-boost-perishables-business/

PSA completes Penn Terminals acquisition

PSA International Pte Ltd (PSA) has completed the acquisition of Penn Terminals (Penn) located on the Delaware River, United States of America (USA), from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities.

Penn is one of the best equipped, privately owned multipurpose marine terminals on the Eastern Coast of the USA. Penn’s terminal, warehousing and stevedoring services have enabled it...

https://container-news.com/psa-penn-terminals-acquisition/

PSA set to enter US port sector with agreement to purchase Penn Terminals

Singapore box operator PSA has confirmed reports it is set to enter the US port market and expand its presence in Canada.
It has agreed to acquire Philadelphia operator Penn Terminals and Halifax box facility Halterm from investment fund Macquarie.
“PSA International has finalised an agreement to acquire Halterm Container Terminal in the port of Halifax, Canada, and Penn Terminals in Pennsylvania, US, from Macquarie Infrastructure Partners, a fund managed by Macquarie …

The post PSA set to enter...

https://theloadstar.com/psa-set-to-enter-us-port-sector-with-agreement-to-purchase-penn-terminals/