Nickels and dimes: Wilson Sons 10% down on MSC buy. Why?
M&A desk musings
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
MSC has appointed Ammar Kanaan chief executive of its cargo container terminals arm Terminal Investment Limited (TiL).
Mr Kanaan will take the reins on 9 April and brings more than three decades’ transport experience to the role.
As well as building his own companies focused on port management, he has developed a reputation as a transport consultant. He was responsible for the development and operations of MSC’s joint-venture King Abdullah terminal.
He replaces Vikram Sharma, who is retiring at the end of March, following a nine-year tenure.
Chief executive of MSC Group Diego Aponte said: “The appointment of Ammar Kanaan further strengthens our port terminal investment business. I would like to thank Vikram Sharma for his commitment, hard work and dedication; he has been instrumental in ensuring TiL’s successful growth over the years.”
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