22 May 2023

PSA Marine’s acquisition of 45% stake Meyer’s Tugs in Panama

Partners Evelyn Wee and Favian Tan from Rajah & Tann Singapore acted for PSA Marine (Pte) Ltd and its wholly-owned subsidiary, PSAM Americas Pte Ltd (“PSAM Americas”), in relation to the acquisition by PSAM Americas of a 45% stake in Meyer's Tugs S.A., an entity headquartered in Panama offering towage services between the Pacific and Atlantic coast. Partner Kala Anandarajah from the Competition & Antitrust and Trade Practice supported on the antitrust aspects of the transaction.