MSC is Selling Off Part of its Terminal Division

By Finance

Mediterranean Shipping Company (MSC) is closing the 35 per cent sale of its Terminal Division (Terminal Investment Limited SA (TIL)) to Global Infrastructure Partners (GIP).
Mediterranean Shipping Company, GIP and a group of its LP Co-Investors have closed the transaction through which Global Infrastructure Partners has acquired 35 per cent of Terminal Investment Limited SA from Mediterranean Shipping Company. The closing follows obtaining the relevant approvals.

TIL has grown rapidly over the last 10 years and is now the 6th largest container terminal operator in the world. The new strategic partnership among MSC and GIP is going to secure a strong foundation to support TIL's continued growth, including further acquisitions and investments. 

GIP is an independent infrastructure investment fund with $15 billion of assets under management. Global Infrastructure Partners invests worldwide in infrastructure assets and businesses in both OECD and select emerging market countries.