HALIFAX, N.S. — Halterm Limited, which operates a 72-acre site in the Port of Halifax, is selling outstanding shares to Macquarie Infrastructure Partners.

The agreement will result in a distribution by the Fund to its unitholders of approximately $19.00 per unit in cash, representing an approximate 29 percent premium.

Halterm operates a container terminal and cargo handling facility. With deep water berths and six ship-to-shore gantry cranes. The Halterm terminal provides an essential logistical link between Canadian and international shipping vessels and the rail and truck transportation systems that connect the port to major markets in Canada and the mid-west of the U.S.

As a long-term infrastructure investor, Australia-based Macquarie Infrastructure Partners’ acquisition of Halterm will provide additional capital resources and global expertise to an important and growing port facility, the firm says.

Over the past two years, the Macquarie group has made investments in container terminal operations on the west coast of the U.S. as well as in Europe and in Asia. In addition, the Macquarie group has a dedicated ports advisory team, which can be called upon to assist in port development issues globally.

“This is a very positive and exciting development for Halterm and the Port of Halifax”, said Doug Rose, President and CEO of Halterm Limited. “Macquarie is an excellent strategic partner committed to expanding its presence in the port and container handling business over time.”

Clarke Inc., which operates one of Canada’s top 100 for-hire trucking carriers, has shares in Halterm and has announced it would approve the transfer.