Teo family could lose control of PIL following investment from Singapore

According to Alphaliner, Singapore plans to help container line PIL with more than USD 400 million. The Teo family could ultimately lose its ownership control of the company, notes the analyst firm.

by TRINE VESTERGAARD

The Singapore state is ready with more than USD 400 million, which will be injected into container shipping line PIL, reports Alphaliner.

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Only one of the world's largest container lines has increased capacity
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Singapore could become new investor in strained PIL
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