Announced
Financials
Sources
Tags
Marine Services
shipping company
Friendly
Italy
Acquisition
Pending
Single Bidder
Majority
Private
Cross Border
Synopsis
MSC Group, a container shipping company, agreed to acquire Moby, an ailing ferry company. Financial terms were not disclosed. MSC, one of the world’s largest container shipping companies, will provide fresh funds to Moby to pay off the administrators of Tirrenia, a unit it bought out of insolvency in 2011. The firms didn’t disclose the size of the capital increase.
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