Independent journal on economy and transport policy
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MSC in talks to buy cruise terminal operator Global Ports Holding
The offer could be made official by July 13
June 16, 2022
According to the rules of the Stock Exchange, MSC has time until the next 13 July to communicate the intention to make an offer, deadline which, however, could be extended with consent of the UK Commission on Public Offers of acquisition.
Global Ports Holding recalled that it is the holder of agreements relating to 26 ports in 14 nations both in the Mediterranean, where GPH holds a 29% share of the market, both in Northern Europe, in the Caribbean and Asia, handling 1.5 million passengers annually within more than 5,400 ship ports. The Turkish company has also recalled that this year it has signed contracts of concession to carry out port activities in Tarragona, in Spain, and in Crotone, Italy. In addition, Global Ports Holding has highlighted that your business is in the process of recovery after the impact of the COVID-19 pandemic on the cruises that caused a sharp drop in passenger traffic both cruises and ferries. GPH also specified that to have returned to profitability after two years at a loss.
In addition, Global Ports Holding pointed out that MSC, in addition to to be the world's leading shipping company in the container, is also active in the field of port terminals through Terminal Investment Ltd. (TIL) and in that of cruises through a brand - MSC Cruises - which is becoming one of the leading world brands and also operates in the ferry sector, in which it has recently expanded its presence through a investment in the Moby group ( of 25 March 2022). MSC is also expanding its reach in the logistics market, also with the recent acquisition of logistics activities of the Bolloré group ( of the 1st April 2022).
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According to the rules of the Stock Exchange, MSC has time until the next 13 July to communicate the intention to make an offer, deadline which, however, could be extended with consent of the UK Commission on Public Offers of acquisition.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
