NEW YORK, May 29, 2013 (GLOBE NEWSWIRE) -- MSC Mediterranean Shipping Company S.A. ("MSC") and Global Infrastructure Partners and a group of its LP Co-Investors ("GIP") have closed the transaction through which GIP has acquired 35% of Terminal Investment Limited SA ("TIL") from MSC. The closing follows obtaining the relevant approvals.
TIL has grown rapidly over the last decade and is now the world's sixth largest container terminal operator. The new strategic partnership between MSC and GIP will provide a strong foundation to support TIL's continued growth, including further acquisitions and investments.
About Terminal Investment Limited SA
Terminal Investment Limited SA ("TIL") invests in, develops and manages container terminals around the world. It was founded in 2000 to secure berths and terminal capacity in the major ports used by MSC. Since then, TIL has grown to become one of the largest and most geographically diverse container terminal operators globally. TIL's terminals have been selected for their important and strategic locations around the world, including major origin and destination and transshipment trade hubs and gateways in Europe, Asia, North America, South America and West Africa. For more information, visit www.tilgroup.com.
About Global Infrastructure Partners
Global Infrastructure Partners ("GIP") is an independent infrastructure investment fund with US$15 billion of assets under management. GIP invests worldwide in infrastructure assets and businesses in both OECD and select emerging market countries. GIP targets investments in single assets and portfolios of assets and companies in power and utilities, natural resources infrastructure, air transport infrastructure, seaports, freight railroad, water distribution and treatment and waste management. GIP's other port sector investments are a joint-controlling 27% interest in Port of Brisbane, Australia; 50% of International Trade Logistics in Buenos Aires, Argentina; and 100% of Great Yarmouth Port in the UK. GIP has offices in New York, London and Colorado Springs, with an affiliate in Sydney and portfolio company operations headquarters in Stamford, Connecticut. For more information, visit www.global-infra.com.
About MSC Mediterranean Shipping Company S.A.
MSC Mediterranean Shipping Company S.A. ("MSC") of Geneva, Switzerland, is a privately owned shipping line, founded in 1970, which has rapidly grown to become the number two global container shipping line. During recent years MSC's maritime fleet has expanded substantially and, as of mid-May 2013, was operating 454 container vessels with an intake capacity of over 2,280,000 TEUs. For more information, visit www.mscgva.ch.
CONTACT: Global Infrastructure Partners Jack Cowell Tel: +1 212 315 8133 Mobile: +1 917 405 0717 firstname.lastname@example.org MSC Mediterranean Shipping Company S.A. Mr Lawrence Matthews Tel: +41 22 703 8270 Ms Lindsey Rodger Tel: +41 22 703 8431 email@example.com
Source:MSC Mediterranean Shipping Company S.A.