MSC to acquire an additional stake in Boluda Towage from Boluda Corporación Marítima for $704m.

MSC, an international shipping line, agreed an additional stake in Boluda Towage, a ship-handling operator from Boluda Corporación Marítima, a company that offers global maritime services, for $704m. "We confirm that Boluda Corporación Marítima and SAS Shipping Agencies have reached an agreement to contribute MedTug and its subsidiaries to Boluda Towage Holding, therefore increasing SAS’ participation in BTH. The transaction, subject to regulatory approval, is expected to close in the first half of 2025. Following completion of the transaction, Boluda Corporación Marítima will continue to be responsible for the management and operations of the business," Boluda Corporación Marítima.