International Container Terminal Services Inc., the country’s biggest port operator, is rethinking its plan to acquire a Singapore-based port operator after a Japanese trading company, Mitsui & Co. Ltd., made a higher offer.An ICTSI executive said part of the options include giving up its plans to fully acquire Portek and keep its current 16.79 percent ownership, match or exceed Mitsui’s offer, or sell its shares in the Singaporean port operator to the Japanese company.

More in the Manila Standard Today