Welcoming GIC as new TiL shareholder

MSC increases stake in Terminal Investment Ltd

MSC Mediterranean Shipping Company SA has announced that it is increasing its majority stake in Terminal Investment Ltd to 60%, following a deal with Global Infrastructure Partners (GIP) and other co-investors.

MSC also welcomes a new partner to the shareholding of TiL after GIC Private Limited, a Singaporean Sovereign Wealth Fund, acquired a 10% stake in TiL from GIP and other existing co-investors. GIP, a leading global, independent infrastructure fund manager, remains a significant shareholder.

TiL, which along with MSC is headquartered in Geneva, Switzerland, is one of the world’s largest and most geographically diverse container terminal investors. As a terminal operator, TiL handles 34 million cargo moves a year for MSC and other shipping lines in 29 countries across five continents. It is present at 7 of the world’s 25 busiest ports – Antwerp, Singapore, Long Beach, Ningbo, Newark, Bremerhaven and Rotterdam.

Source: msc.com

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