© Luigi Angelica

Negotiations cut short

Global Ports Holding, MSC steps back

by Port News Editorial Staff

MSC will not be making any bid to acquire a stake in the world’s largest cruise port operator, Global Ports Holding Plc.

The news came from the terminal group owned by Turkish businessman Mehmet Kutman, who let it be known that  negotiations had been broken off.

Over the past few months, through its subsidiary SAS Shipping Services, the big carrier had expressed a proactive interest in buying a substantial stake in GPH, which is listed in London. However, MSC, which would have had until today to make an offer, decided to step back.

Translation by Giles Foster

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