Aitken Spence to buy 20-pct stake in Fiji Ports Corporation

Nov 05, 2015 (LBO) – Sri Lanka’s diversified conglomerate Aitken Spence and Fiji National Provident Fund is planning to buy 59 percent stake in Fiji Ports Corporation, Aitken Spence said in a stock exchange filing.

An agreement has been signed with the Fiji government to acquire the corporation, an entity wholly owned by the government which manages all ports in Fiji.

Aitken Spence alone will invest 34.6 Fijian Dollars to acquire 20 percent of the corporation subject to necessary approvals.