EUROPE

Medcenter Container Terminal sale agreed

7 years ago

Contship Italia and Terminal Investment Limited (TIL) subsidiary Itaterminaux have executed a share purchase agreement for the sale of 50% of CSM Italia Gate, the company which owns 100% of Medcenter Container Terminal (MCT) in Italy.

MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro and TIL already owned 50% of CSM Italia Gate. Following the close of the deal, TIL will own 100% of CSM Italia Gate and will indirectly control all the shares of MCT.

The acquisition price has not been disclosed.

MCT has 3.4 kilometres of linear quay, a water depth of up to 18 metres, yard capacity of 75,000 teu and handling capacity of 4.2m teu per year.

By Rebecca Jeffrey