Mediterranean Shipping Company (MSC) has announced that Terminal Investment Limited has acquired the 50% share of International Trade Logistics, previously owned by Global Infrastructure Partners.
The ITL group, the largest container terminal and associated logistics business in Argentina, includes Exolgan – Buenos Aires’ largest container terminal with a capacity of 2.5m teu.
Diego Aponte, vice president of MSC and chairman of TIL, said: “We see the acquisition of ITL from GIP as a logical extension of our partnership with them in our global terminal business.
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