Mediterranean Shipping Company (MSC) Continues its strategy of expanding its activities in all segments of maritime and land logistics with the submission of an offer to acquire the entire share capital Gram Car Carriers (GCC), a Norwegian company that is the world's third largest shipping carrier in the Pure Car ship sector Truck Carriers (PCTC) and has a fleet of 22 garage ships of the Total capacity of about 110 thousand rental cars with leading companies in the sector, of which 18 owned vessels for a capacity of 82 thousand vehicles and four ships under management with a total capacity of 28,000 cars.

The offer, which has been agreed with the board of directors administration of the GCC, has been put forward by the Luxembourg's SAS Shipping Agencies Services, which is wholly owned by the MSC Group, and is based on a price of NOK 263.69 per share of the GCC, per A total of NOK 7.64 billion (€653 million). The offer represents a premium of 28.3% to the price of 212.5 closing crowns of GCC shares on the Oslo Stock Exchange.

The Board of Gram Car Carriers has unanimously urged the shareholders of the Norwegian company to accept the offer. GCC has announced that the members of the Board of Directors and the board of directors of the company that collectively own about 55.85% of the share capital have committed to accept the offer on the basis of certain conditions and the main shareholders F. Laeisz GmbH, AL Maritime Holding Pte. Ltd., Glenrinnes Farms Limited, HM Gram Investment III Limited and HM Gram Enterprises Limited, which together hold approximately 54.54% of the share capital, have irrevocably obliged to accept the offer.

Highlighting Gram's more than 40-year history of success Car Carriers, the president of the Norwegian company, Ivar Myklebust, specified that "the board of directors is satisfied with the offer, which represents a fair GCC, as reflected in the Recommendation to the shareholders to accept the offer'.

Last year, GCC revenues amounted to €200.9 million dollars, with a significant increase of +66.1% compared to 2022 generated by both the increase in ship charter rates and the from the growth of fleet utilization. EBITDA and EBIT $142.7 million (+102.1%) and €123.9 million (+187.3%) and net profit was €94.0 million million dollars (+293.8%).