MSC is joining its peers in tapping into the red-hot car carrier market. The Swiss-Italian container shipping leader is bidding NOK7.64 billion (US$700 million) for Norway’s Gram Car Carriers (GCC).
MSC made the bid through its subsidiary, SAS Shipping Agencies Services. The bid amount, amounting to NOK272.69 (US$24.89) per share, represents a premium of approximately 28% to the closing trading price of Gram’s shares on 23 April, and a premium of around 78% of the average trading price of the...
https://container-news.com/msc-to-re-enter-car-carrier-market-with-gram-car-carriers-takeover/