Container line MSC has agreed to sell 35% of its terminal operations to a private equity fund for $1.9Bn. Global Infrastructure Partners (GIP) will purchase the stake in Terminal Investment Limited, MSC's terminal division. The deal is expected to close by mid-year. The sale will allow MSC to "reinforce" its terminal business and provide growth opportunities, the company stated. "This will complement MSC's strategy to maintain a leading position in the industry," said MSC VP Diego Aponte.
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