GIP to buy 35% of MSC terminal division
It is expected that the deal will be concluded by the middle of the year, subject to obtaining relevant approvals.
According to the GIP announcement, the new strategic partnership between MSC and GIP will provide a strong foundation to support the next phase of TIL’s growth, including further acquisitions and investments, in which GIP will play an active role. Former P&O Ports CEO Alistair Baillie is to join TIL as President.
Serving most of the world’s major trade routes, TIL currently has, or is in the process of acquiring, controlling or joint-controlling interests in 30 container terminals globally, located in North and South America, Europe, Africa, the Middle East and Asia.
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