Ashcroft Terminal and Canadian Tire sign investment deal

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Ashcroft Terminal Limited has signed an Investment Agreement with Canadian Tire Corporation in which the latter will acquire a 25 per cent equity interest in the company. PSA International Pte Ltd will continue as the operator and retain a majority interest of 60 per cent, with the remaining 15 per cent interest held by founding partner CrescentView Investments Ltd.  The partnership with Canadian Tire allows Ashcroft Terminal to further invest in infrastructure and capacity growth for the long-term, benefitting all of its customers. Canadian Tire will further diversify the customer base. The terminal is well-positioned to offer resilience in the supply chain of Canadian Tire and its other customers.  Ashcroft Terminal will also continue to bring long-term growth, employment and training opportunities and growth to the local communities.

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