MANILA  - Philippine port operator International Container Terminal Services Inc (ICTSI) said on Monday that its subsidiary has signed a deal to acquire 35 per cent of Pakistan International Container Terminal Ltd (PICT) at an undisclosed price.

ICTSI Mauritius signed a share purchase agreement with substantial shareholders of the Pak container cargo company HS Group and JS Co for the sale of a 35pc stake at “a minimum offer price” to be set according to takeover laws in Pakistan, parent ICTSI said in a disclosure to the Philippine Stock Exchange.