GIP Sells Its Stake in Argentina-based Container Terminal Company International Trade Logistics (Latin America)
Source: Infrastructure Investor | Author(s): Yvonne Li
Global infrastructure investor Global Infrastructure Partners (GIP) has sold its 50 percent stake in Argentina-based container terminal and logistics company International Trade Logistics (ITL), which includes the Buenos Aires-based container terminal Exolgan, to Terminal Investment (TIL). TIL is a terminal operator controlled by shipping line Mediterranean Shipping Company. In 2008, GIP partnered with container terminal operator PSA International to acquire the 50 percent interest in ITL. Financial details of the transaction were not disclosed.