AsiaPorts and Logistics

Westports hunting terminal acquisitions

Kuala Lumpur: Terminal operator Westports Holdings is on the hunt for Asian merger and acquisition (M&A) targets, its ceo Ruben Emir Gnanalingam told Malaysia’s StarBiz newspaper.

“I can tell you that we are keen, but we want to pursue the right deal where pricing, valuation and prospects of the terminal are within our expectations.

“Southeast Asia is the strongest market for us, as the countries here are still bullish on the economic outlook. Asean potential is amazing in the next 20 to 30 years. This is where the growth will be,” Gnanalingam said.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button