Singapore’s sovereign wealth fund GIC has acquired a 10% stake in MSC Group’s Terminal Investment Ltd (TIL).
It has acquired the stake from Global Infrastructure Partners (GIP) and other “existing co-investors”. Financial terms were not disclosed.
TIL is the sixth-largest box terminal operator in the world and handles the container volumes of Mediterranean Shipping Co, the world’s second-largest container shipping line, and other third parties including Maersk Line, which is MSC’s 2M Alliance partner.
