PCSPC is the largest petroleum products import storage facility in the Philippines. The facility comprises three tank farms and one marine terminal area with a combined land size of about 150 hectares.
Keppel Infrastructure Trust (KIT) and its partner in the Philippines, Metro Pacific Investments Corporation (MPIC), have entered into a conditional sale and purchase agreement with Philippine Investment Alliance for Instructure (PINAI).
Under the agreement, KIT and MPIC will acquire 100% interest of Philippine Tank Storage International (Holdings) (PTSI), which, in turn, owns Philippine Coastal Storage & Pipeline Corporation (PCSPC) from PINAI, a fund.
