Comment / No kidding, folks – MSC's 'erratic M&A journey' makes a splash

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At the height of the credit crunch when Lehman Brothers collapsed, Mediterranean Shipping Company (MSC) was just moments away from sinking.

That multi-faceted, collateral-backed and unconfirmed background story concerning the secretive container shipping firm, often behaving and investing well beyond the scope of its core business, occasionally floats around in our circles.

Some bits sound real, others less so. But they testify to the inner strength of an Italo-Swiss company where, incidentally, even its current CEO, Søren Toft, who is highly regarded in ...