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 concernsThe 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/