Independent journal on economy and transport policy
20:26 GMT+1
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Combined offer of MSC and HMM in order to acquire 54% of Total Terminals International
The value of the quota would pile to about 342 million dollars
December 1, 2016
The South Korean news agency "Yonhap" has announced today that the shipowning group Helvetic Mediterranean Shipping Company (MSC) and the South Korean shipowning company Hyundai Merchant Marine (HMM) has introduced together an offer in order to acquire 54% of the capital of Total Terminals International (TTI) prisoner from the Hanjin Shipping South Korean who at the beginning of september is placed in controlled administration.
Group MSC, through the Terminal Investment Ltd. (TIL), possesses already 46% of the capital of the terminalista society TTI that manages the container terminal to the Pier T of the port of Long Beach and the container terminal to the Pier T46 of the port of Seattle, terminals that last year have enlivened a containerized trade pairs respective to 1,1 million and 330 thousand teu.
The news agency has specified that the estimated value of the acquisition would be of about 400 billion won (342 million dollars) and that also a bottom of private local equities would have introduced an offer in order to buy the quota.
The "Yonhap", citing some sources, has specified that consortium MSC-HMM and the bottom of private equities could concur to the acquisition of the participation in TTI if South Korean group SM, that the company of navigation Korea Line controls, does not make use of own status of preferential offerer for the acquisition of the transpacifici marine services of Hanjin Shipping and of the correlated activities, services that currently are adjudicated to the Korea Line with the exclusion of the quota Hanjin Shipping in Total Terminals International ( of the 14 and 22 November 2016).
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