JKH acquires additional stake in SAGT

International Finance Corporation (IFC) exercised their put option in respect of their 7.5% share of South Asia Gateway Terminals Limited (SAGT).

John Keells Holdings PLC (JKH) acquired its pro rata entitlement of 4.22% of the share capital of SAGT for a consideration of US$ 19.34 million.

The balance was acquired by APM Terminals BV.