Kuwait-Mubasher: Agility Public Warehousing said that its subsidiary Tristar Transport has signed an agreement to purchase the entire capital stake of Emirates Ship Investment (Eships).
Agility, which is listed on both the Dubai and Kuwaiti bourses, said that the deal is worth $90 million and will be financed through Tristar’s internal liquidity and bank loans.
The equity transfer process is expected to be finalised in the coming months.
Traded at the Kuwait Stock Exchange, Agility stock settled at 425 fils at the opening of Tuesday’s session after one transaction was executed with a value worth about KWD 4,250. Meanwhile, the stock saw no activity on the Dubai bourse.
