Temasek’s PSA to buy Halterm terminal from Macquarie: CP

Singapore’s PSA International Pte Ltd has agreed to acquire Halterm Container Terminal Ltd, the largest container terminal in Eastern Canada, according to a report by The Canadian Press.

No financial terms were disclosed. The seller is Macquarie Infrastructure Partners.

Macquarie acquired Halterm, which operates at the Port of Halifax, in 2007 for about $173 million.

The Australian investor is in the process of securing regulatory approvals, the report said.

PSA, a global port operator, is owned by Singapore sovereign wealth fund Temasek Holdings.