MSC to Sell 35% of Terminal Investment

By Finance

Mediterranean Shipping Co. has agreed with Global Infrastructure Partners and a group of its limited partner co-investors to sell 35% of its stake in Terminal Investment Limited SA.
The deal is considered to be for $2billion plus payments contingent Terminal Investment’s future development.
President of Terminal Investment will be GIP’s Alistair Baillie.
Diego Aponte, vice president of MSC informed: "Through this partnership, we are reinforcing our terminal division, which will enable us to capitalize on future opportunities and growth".
Terminal Investment has, or is in the process of acquiring, controlling or joint-controlling interests in 30 container terminals in North America, South America, Europe, Africa, the Middle East and Asia.