Global Ports Holding board terminate takeover talks with MSC Group
The board of Global Ports Holding (GPH), the Istanbul based company that is the world’s biggest cruise port operator, has terminated talks with a company that is part of the MSC Mediterranean Shipping Company Holdings group regarding a possible takeover of GPH.
On 15 June, GPH received an approach regarding a potential cash offer for all of the shares in the Company by SAS Shipping Agencies Services Sarl, a wholly-owned subsidiary of MSC Mediterranean Shipping Company Holdings S.A (MSC), and discussions were ongoing.
“GPH’s board of directors has now terminated these talks with SAS,” the port operator said in a statement.
(Global Ports Holding, MSC Cruises)
