ICTSI offloads Cebu stake

Manila: International Container Terminal Services Inc (ICTSI) has sold its entire interest in a cebu terminal to a conglomerate which includes Hong Kong’s Jardine Matheson. 
ICTSI sold 250m shares in Cebu International Container Terminal Inc. (CICTI) at the end of last week to Cebu Asian Rim Property & Development Corp and Hong Kong Land (Philippines) BV which is a member of the Jardine Matheson Group.
CICTI owns a parcel of land approximately 200,000 square meters in Mandaue City.  [02/12/13]

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