Apr 30, 2013 (LBO) - Sri Lanka's Aitken Spence Plc said it had signed 15 year deal to manage ports in Fiji and will invest 10.5 million Fiji dollars (5.9 million US dollars) in the project.
Aitken Spence said in a stock exchange filing that it will buy majority control of Ports Terminal Ltd, a unit of Fiji Ports Corporation which will manage cargo handling in Suva and Lautoka ports.
Aitken Spence also runs ports operations in South Africa. The group has interest in shipping, leisure and power.