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MSC has announced a binding agreement to buy a 50% stake in Italian high-speed passenger rail network Italo, from infrastructure investment fund Global Infrastructure Partners (GIP)

The deal represents further deepening of the relationship between the world’s largest shipping line and GIP, which has a 20% stake in MSC’s port operating arm, Terminal Investment.

Gip will retain its 50% interest in Italo and have joint governance with MSC, along with Allianz Group entities and funds managed by Allianz Capital Partners and other ...

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