Billionaire Razon expands port footprint into Namibia

Staff Reporter INTERNATIONAL Container Terminal Services Inc. (ICTSI), controlled by Filipino billionaire Enrique Razon Jr., has agreed to acquire full ownership of African port operator TLG Acquisition Holdings, expanding its presence in Namibia, Mozambique and South Africa. The transaction will see ICTSI acquire 74% of TLG from funds managed by African Infrastructure Investment Managers (AIIM) ... The post Billionaire Razon expands port footprint into Namibia appeared first on Informanté .