American Shipper

MSC sells $1.9 billion stake in terminals business

   The liner carrier Mediterranean Shipping Co. said Tuesday it has agreed to sell a 35 percent stake in its terminals business, Terminal Investment Ltd. (TIL), to the New York-based private equity group Global Infrastructure Partners for more than $1.9 billion.
   The price, MSC added, includes certain payments contingent on TIL’s future performance. Closing is expected to take place in the middle of 2013 and is subject to obtaining the relevant approvals….