ANSA McAL agrees to sell Alstons Shipping

ANSA McAL Lim­it­ed has signed an agree­ment to sell its 100 per cent share­hold­ing in Al­stons Ship­ping Lim­it­ed to pri­vate­ly held in­vest­ment com­pa­ny Jem­cha Hold­ings Lim­it­ed (JHL).

The group an­nounced the pro­posed sale on Tues­day, say­ing the trans­ac­tion forms part of its 2X strat­e­gy, which fo­cus­es on port­fo­lio op­ti­mi­sa­tion and in­vest­ment in its core growth ar­eas.

Al­stons Ship­ping has been part of the ANSA McAL group for more than a cen­tu­ry, with roots in the ship­ping and trav­el de­part­ments of Al­stons Lim­it­ed. It pro­vides ship­ping agency, freight for­ward­ing and sup­ply chain ser­vices.

Un­der the agree­ment, JHL in­tends to build on the com­pa­ny’s ex­ist­ing op­er­a­tions and sup­port its long-term growth. Fol­low­ing com­ple­tion, JHL will over­see the com­pa­ny’s op­er­a­tions and fu­ture di­rec­tion, with per­mis­sion to use the Al­stons Ship­ping name dur­ing a tran­si­tion­al pe­ri­od.

The trans­ac­tion is ex­pect­ed to be com­plet­ed in the fourth quar­ter of 2026, sub­ject to cus­tom­ary con­di­tions.