MSC sells 35% stake of its ports division to GIP for $1.93bn

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By LoadstarEditorial

02/04/2013

MSC Mediterranean Shipping Company has reached agreement with Global Infrastructure Partners and a group of its LP Co-Investors to sell 35% of Terminal Investment Limited. Consideration is US$1.929 billion, including certain payments contingent on TIL’s future performance. Closing is expected to take place in the middle of the year and is subject to obtaining the relevant approvals.

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