MSC (Mediterranean Shipping Company) closes the 35% sale of its Terminal Division (Terminal Investment Limited SA) to Global Infrastructure Partners (GIP).
MSC and Global Infrastructure Partners and a group of its LP Co-Investors have closed the transaction through which GIP has acquired 35% of Terminal Investment Limited SA from MSC. The closing follows obtaining the relevant approvals.
Terminal Investments Ltd. has grown rapidly over the last decade and is now the world's sixth largest container terminal operator. The new strategic partnership between MSC and GIP will provide a strong foundation to support TIL's continued growth, including further acquisitions and investments.
Global Infrastructure Partners is an independent infrastructure investment fund with US$15 billion of assets under management. GIP invests worldwide in infrastructure assets and businesses in both OECD and select emerging market countries.