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Announced

MSC and Ferrovie dello Stato to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Italy

freight logistics

Freight Forwarding

Acquisition

Joint Venture

Majority

Private

Pending

Friendly

Domestic

Synopsis

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MSC, a global container shipping company, and Ferrovie dello Stato, the Italian state rail operator, agreed to form a joint venture. Financial terms were not disclosed. “We strongly believe in the partnership between our Groups. This important agreement is the result of a project that began with the ambition of creating one of the most important operators in Europe, offering customers optimized and ever more sustainable logistics solutions.” He added that “reducing the use of long-distance road transport contributes not only to lowering emissions, but also to greater safety and quality of life for our employees,” Giuseppe Prudente, MSC Chief Logistics Officer.

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