Denmark’s Erria has chopped and changed its holdings in Vietnam. The diverse group, which is involved in many aspects of shipping including ports, logistics and shipmanagement, has bought out local partner Saigon Shipping’s 49% stake in Erria Container Services for DKK3.4m, giving it total control of the subsidiary.
Erria has also divested its 34% stake in Saigon Shipping for DKK17m. It also refinanced and paid off a DKK11m loan.
“We have from the beginning seen great potential in Erria Container Services, which over the years has developed stably and with a reasonable profit. Now we are increasing efforts to make the company the largest container service provider in Vietnam. We also focuses on the development of technical management from our new office in Køge,” commented Erria director Henrik Andersen.