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Announced

MSC Group to acquire Moby.

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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