MSC Cuts Deal for 49% Stake in Messina

  • The deal formally announced by Banca Carige and the NPL management company Amco, cuts a 49% stake for MSC in the Ignazio Mesina & C. shipping group.
  • Aponte will invest €25m for a 49% stake in the Ignazio Messina & C. group and a 52% stake in a new vehicle called RoRo Italia.
  • A large part of non-performing loans (€324m) was offloaded to Amco, while the remaining part went to the new vehicle RoRo Italia.

MSC has finally taken a 49% stake in the Ignazio Mesina & C. shipping group, reports Nicola...

https://mfame.guru/msc-cuts-deal-for-49-stake-in-messina/

MSC Gets Approval To Buy 49% Messina Stake

According to a recent Ship Technology article, Swiss shipping firm Mediterranean Shipping Company (MSC) has secured approval from the Italian Competition Authority (AGCM) to acquire a minority stake in Italian shipping company Ignazio Messina.

No competition concerns

The antitrust regulator has announced that the deal will not raise competition concerns.

The agreement was initially announced in June. 

According to the contract, 

  • MSC subsidiary Marinvest will purchase a 49% stake in Ignazio Messina.

http://mfame.guru/msc-gets-approval-to-buy-49-messina-stake/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon