News / MSC settles $696m purchase of PCTC provider Gram Car Carriers

Photo: Gram Car Carriers

MSC, via its SAS Shipping Agencies Services subsidiary, yesterday announced the settlement of its acquisition of Gram Car Carriers, which will be completed on 25 July.

The acquisition, for NOK263.9 ($24.56) per share, or a total of $696.3m, is for some 97% of the total shares, and following completion, SAS will buy the remaining shares. Gram will cease to be listed on the Oslo Stock Exchange and share trading will also be withdrawn from the OTCQX Best Market in New York.

Gram ...