Liner carrier Mediterranean Shipping Co. has closed on the sale of a 35-percent interest in its terminal division, Terminal Investment Ltd. (TIL).
The Stamford, Conn.-based infrastructure investment fund, Global Infrastructure Partners (GIP), and a group of co-investors are paying $1.9 billion for TIL, MSC said in April when the deal was first announced.
MSC said TIL has or is acquiring interests in 30 container terminals and is now the world’s sixth largest container terminal operator. – Chris Dupin
MSC completes sale of terminal company stake
