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You are here: Home → Archive → 2009 → December → Weekly Edition 23rd December 2009 → Swire takes strategic control of Consort

Swire takes strategic control of Consort

by Dale Crisp — last modified Dec 24, 2009 11:56 AM

THE SWIRE Group has taken majority control of Papua New Guinea’s Consort Express Line after buying half of Lutheran Shipping’s shares.

Consort has been owned in equal parts by Swire’s Steamships Trading, the Lutheran Church’s Lutheran Shipping and Hong Kong businessman Anton Lee, a former Rabaul resident.
The purchase takes Steamships’ holding to 51% and according to a statement from...

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