MSC adds $1.9bn from ports sale to cash reserve

摘要

Mediterranean Shipping Co plans to use the money raised from the sale of a shareholding in its terminals division as a cash reserve rather than reinvesting the proceeds or paying off debts.Global Infrastructure Partners and co-investors have agreed to pay just over $1.9bn for a 35% stake in MSC's Terminal Investments Ltd which has interests in 30 ports around the world.