The Californian-based Neptune Pacific Line has agreed to buy a 50 per cent controlling interest in the Pacific Forum Line from the Samoan government.
Neptune Pacific Line (NPL) is owned by Roll Global, a US$3 billion international company with an interest in Fiji Water, among other businesses.
The Samoan government bought 100% of the Pacific Forum Line (PFL) less than a year ago for US$1.3million.
Samoa’s Deputy Prime Minister and Chairman of PFL, Fonotoe Pierre Lauofo, would not say how much the shares are being sold for, but said the deal will be signed at the end of September.
According to Rolf Rasmussen, Managing Director, Neptune Pacific Line, the agreement means that PFL and Neptune will provide services to twelve forum countries, including Papua New Guinea, with ‘six chartered and owned ships’.
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