International Container Terminal Services (PSE:ICT) agreed to acquire 100% of TLG Acquisition Holdings (RF) Proprietary, a port operator with operations across Mozambique, Namibia and South Africa.
ICTSI signed the sale and purchase agreement with African Infrastructure Investment Managers, which collectively owns 74% of TLG, and Mokobela Shataki Proprietary Limited, which holds the remaining 26%.
Deal completion is subject to certain conditions, including applicable regulatory approvals.
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