ANSA McAL agrees to sell Alstons Shipping

ANSA McAL Lim­it­ed has signed an agree­ment to sell its 100 per cent share­hold­ing in Al­stons Ship­ping Lim­it­ed to pri­vate­ly held in­vest­ment com­pa­ny Jem­cha Hold­ings Lim­it­ed (JHL).

The group an­nounced the pro­posed sale on Tues­day, say­ing the trans­ac­tion forms part of its 2X strat­e­gy, which fo­cus­es on port­fo­lio op­ti­mi­sa­tion and in­vest­ment in its core growth ar­eas.

Al­stons Ship­ping has been part of the ANSA McAL group for more than a cen­tu­ry, with roots in the ship­ping and trav­el de­part­ments of Al­stons Lim­it­ed. It pro­vides ship­ping agency, freight for­ward­ing and sup­ply chain ser­vices.