Strategic stake in South Vietnam deepwater port
13. December 2010
| Editorial staff Ship&Offshore
Soleado Holdings Pte. Ltd. (“Soleado”), TTA’s wholly owned investment company for projects, assets, or companies outside of Thailand, has agreed to purchase the entire 20% ownership in Baria Joint Stock Company of Service for Import Export of Agro Forestry Products and Fertilizers (“Baria Serece”) in Vietnam from Yara Asia Pte. Ltd., a provider of nitrogen-based mineral fertilisers and industrial products.
Situated in a highly strategic location, Phu My Port is on the Thi Vai River, adjacent to the Phu My I Industrial Park. It has secured volume of 3.28 million tonnes annually on long-term contracts from its major clients, according to the CEO.
