MSC enters Genoa airport

The shipping company MSC is expanding its logistics portfolio and wants to acquire a stake in Genoa Airport.

The MSC Group, which specializes in cruise and container shipping and logistics, has submitted an offer to take over the 15% currently held by Aeroporti di Roma (ADR).

The Roman airport company has made the offer public. It is a binding offer to purchase the minority stake of 15% in Società Aeroporto di Genova Spa, which, according to the company, “manages strategic infrastructure for the development of tourism, the economy and trade in Genoa, the entire Liguria region and north-western Italy”.

City of Genoa supports MSC’s entry

ADR had previously expressed its willingness to make its stake available to enable possible synergy and development plans for the revitalization of the airport, according to the Genoa Airport operator’s specifications in the call for expressions of interest published earlier this year.

“The transaction takes place in coordination with the City of Genoa, which not only agrees with the planned acquisition of the ADR stake by MSC, but has also actively promoted the transaction by ensuring its permanent presence and confirming its firm intention to continue resolutely on the path to enter the shareholding structure of the airport, which represents a strategic asset for the city,” the statement continued.

For MSC, it is a further expansion of its logistics portfolio. The group, which is headquartered in Switzerland, has recently grown in the air freight and freight forwarding logistics segments in addition to cruise and container shipping.

The transaction is expected to be completed as soon as the usual regulatory conditions for this type of transaction have been met.

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