Comment / Classic pie-sharing MSC – next deal (Wilson Sons?), please

ID 27082963 © Mamakestudio | Dreamstime.com

It was classic MSC deal-making that emerged last week when the behemoth disclosed to have secured a co-investment in high-speed rail network Italo* – with the target’s powerful executive chairman and founding partner Luca Cordero di Montezemolo, talking up the creation of the “first multimodal pole of Europe”.

(*Reportedly worth over €4bn for the whole, in enterprise value.)

I won’t counter that because it’s obvious that Montezemolo had his own agenda, but the resulting 50:50 Italo ownership structure, with MSC controlling about half ...