GIP Pays $1.9B For 35% Share Of Container Terminal Co.

Law360, New York (April 1, 2013, 3:51 PM EDT) -- New York- and London-based private equity firm Global Infrastructure Partners Ltd. and several limited partner co-investors have acquired a 35 percent stake in the container terminal operation business of Switzerland's MSC Mediterranean Shipping Co. SA for $1.93 billion, the companies said Monday.

The GIP group will acquire the minority stake in Terminal Investment Ltd. SA, the sixth-largest container terminal operator in the world. MSC owns a majority share of TIL, which holds controlling or joint-controlling interests in roughly 30 container terminals on five continents.

The deal,...
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