Canada-based Brookfield will receive a 49% stake in International Transport Inc (ITI), an MOL subsidiary and holding company of US terminal operator TraPac.
The alliance will combine the two company's strengths, TraPac's terminal operations expertise and Brookfield's infrastructure knowledge in the Americas, Europe and Australasia, with a view to expansion and increases in reliability for MOL's box services.
The deal is expected to create a gain on sale of JPY21bn for MOL in the 2013 financial year. On 31 January the group is scheduled to release its full year outlook for the 2013 financial year (ending 31 March 2014).
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