Singapore to make huge cash injection in PIL and dilute the ownership

The Singapore state is prepared to inject USD 600 million in struggling container line PIL. This will dilute the owner's, the Teo family, stake to less than 15 percent, but it could well be a last resort, says the company ahead of a decisive meeting.

Photo: PR / Pacific International Lines

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Seneste nyt

See all jobs