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.