Subscribe to RSS feedPOTA ready to invest in more rolling stock
by
Rob McKay
—
last modified
Mar 29, 2010 03:27 PM
P&O TRANS Australia (POTA) expects to bolster its rail division by 40 locomotives and 180 wagons once its intended purchase of the former South Spur Rail Services is realised.
POTA will buy South Spur Rail Services in a $16m deal with Coote Industrial, according to POTA part-owner Kaplan Funds Management.
The finance house said POTA Holdings, in which it has an indirect 23.6% shareholding, had entered into a “term...
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