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
