Independent journal on economy and transport policy
06:44 GMT+1
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TIL (group MSC) acquires 50% of the Argentine International Trade Logistics
the society manages the Exolgan Container Terminal of Buenos Aires
August 21, 2014
the terminalista society Terminal Investment Limited (TIL), that it is controlled by the shipowning group Helvetic Mediterranean Shipping Company (MSC) and is participated with 35% from the deep manager of in the field of the infrastructures Global Infrastructure Partners (JEEP)(of 2 April and 30 May 2013), has acquired 50% of the capital stock of the terminalista society Argentine International Trade Logistics (ITL) possessed from the same Global Infrastructure Partners.
International Trade Logistics, whose operating activity is mainly centralized on the management of the Exolgan Container Terminal of Buenos Aires and on logistic other asset through companies Exologistica and LPI, is participated with remaining 50% from terminalista group PSA International of Singapore.
"We are very pleased - Adebayo Ogunlesi has declared, managing JEEP partner - to widen ours partnership with group MSC through this sale of our participation in ITL to TIL. We are sure that Exolgan, that is the greatest and more efficient terminal in Argentina being able to simultaneously to serve two ships from 10.000 teu, will join perfectly in the pocketbook of terminal of the TIL and, in future, will offer an excellent service to the MSC and to its customers".
"We - Diego Aponte has confirmed, vice-president of the MSC and president of the TIL - consider the acquisition of the ITL from the JEEP like a logical extension of our collaboration with they in the within of our total terminalistica activity. Moreover the investment in the Exolgan is online with our strategy to the MSC to acquire quotas in terminal key in order to assure the efficiency and the ability to us demanded from our total Network of marine services".
the Exolgan Container Terminal has docks for 1,200 linear meters equipped with seven crane super ship-to-Shore post-Panamax. The terminal, that it occupies an area of 50 hectares, has a annual ability to traffic pairs to 2,5 million teu and last year it has enlivened approximately 550 thousand teu.
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