PSA acquires stake in Sotrans Group, forms Vietnam partnership with ITL Corp

Credit, PSA.

PRESS RELEASE

PSA International Pte Ltd (“PSA”) has through its fully-owned subsidiary, PSA Cargo Solutions Vietnam Investments Pte Ltd, acquired a strategic minority stake in SOTRANS Group (“STG”) also known as South Logistics Joint Stock Company from Indo-Trans Logistics (“ITL”).

Established in 1975, STG is a leading logistics provider in Vietnam, well-known for providing reliable and efficient supply chain solutions. STG has 3 main pillars of business within the group, each held by a subsidiary company: (i) ports/inland container depots (ICDs) and barging; (ii) ...