CSX adds stake in Asia terminals

CSX World Terminals LLC, Jacksonville FL, has purchased an additional 39.1 percent stake in Asia Container Terminals (ACT) through a majority-owned indirect subsidiary.

CSX World Terminals now has total ownership position of 68.6 percent.

The stake was acquired from Jenwick Investments Ltd, a wholly owned subsidiary of Sun Hung Kai Properties Ltd. ACT is the operator of CT8 (West), Hong Kong, China.