Ports operator ICTSI is acquiring a stake in a box terminal in Karachi, Pakistan.
The Philippines operator said it intends to buy between 35% and 55% of Pakistan International Container Terminal (PICT).
Karachi-listed PICT has an annual capacity of 750,000 teu.
ICTSI did not reveal a potential price, but has unveiled a 33% jump in 2011 profit to $98.3m.
It said revenues were 26% higher at $664.8m,
