Mediterranean Shipping (MSC) issued a statement saying that the company's sale of its 35% stake in Terminal Investment Ltd. to Global Infrastructure Partners (GIP) and co-investors was finally completed. The transaction amounted to a total of $1.9 billion.
MSC stated: "The new strategic partnership between Mediterranean Shipping and Global Infrastructure Partnership will provide a solid foundation for the continued healthy development of TIL and will not rule out further acquisitions and investment plans in the future."
Established in 2000, TIL was established to ensure that MSCs with large berths have sufficient berths and terminal handling capacity. After the sale of the equity transaction, TIL became the world's sixth largest container terminal operator.
MSC stated: "The new strategic partnership between Mediterranean Shipping and Global Infrastructure Partnership will provide a solid foundation for the continued healthy development of TIL and will not rule out further acquisitions and investment plans in the future."
Established in 2000, TIL was established to ensure that MSCs with large berths have sufficient berths and terminal handling capacity. After the sale of the equity transaction, TIL became the world's sixth largest container terminal operator.
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