Ocean Network Express Pte. Ltd. completed the acquisition of 51% stake in Yusen Terminals, Inc. from Nippon Yusen Kabushiki Kaisha.
Ocean Network Express Pte. Ltd. completed the acquisition of 51% stake in Yusen Terminals, Inc. from Nippon Yusen Kabushiki Kaisha (TSE:9101) on November 6, 2023. In a related transaction, Ocean Network Express completed the acquisition of 51% stake in TraPac LLC from Mitsui O.S.K. Lines, Ltd on November 6, 2023 and 20% stake in Rotterdam World Gateway on November 6, 2023. Ocean Network Express has obtained all necessary regulatory approvals.