© Luigi Angelica

New acquisitions

MSC invests in Brazilian logistics

by Port News Editorial Staff

MSC has submitted a voluntary public takeover bid to acquire a stake of up to 67% in the Brazilian logistics company Log-In Logistica Intermodal.

The top shipping line said it was prepared to offer $4.79 a share and announced that the offer would be launched by issuing a public notice. Log-in has been valued at a total of $506 million.

Translation by Giles Foster

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