Aitken Spence to manage Fijian ports

30 April 2013 08:59 am

Aitken Spence PLC today entered into a joint venture agreement with Fiji Ports Corporation Limited to purchase 51 per cent of the Fiji Ports Terminal Limited shares at a price of Fiji dollars 10.53 million, the Fijian media said.

With this acquisition, Aitken Spence is expected to increase the efficiency of two Fijian ports -- in Suva and Lautoka.

Aitken Spence Maritime Chairman Parakrama Dissanayake signed the agreement on behalf of company and Commissioner Western Commander Joeli Cawaki signed on behalf of Fiji Terminal Limited.