UK markets open in 7 hours 38 minutes
  • NIKKEI 225

    28,942.14
    -280.63 (-0.96%)
     
  • HANG SENG

    19,763.91
    -158.54 (-0.80%)
     
  • CRUDE OIL

    90.61
    +0.11 (+0.12%)
     
  • GOLD FUTURES

    1,771.90
    +0.70 (+0.04%)
     
  • DOW

    33,999.04
    +18.72 (+0.06%)
     
  • BTC-GBP

    19,516.10
    -124.22 (-0.63%)
     
  • CMC Crypto 200

    558.74
    +1.01 (+0.18%)
     
  • ^IXIC

    12,965.34
    +27.22 (+0.21%)
     
  • ^FTAS

    4,162.11
    +15.62 (+0.38%)
     

Global Ports terminates sale talks with shipping firm MSC

Illustration shows cargo boat model and Mediterranean Shipping Company (MSC) logo

(Reuters) - Global Ports Holding Plc said on Tuesday it had terminated talks with Swiss-based MSC Mediterranean Shipping Company which had approached the world's largest cruise port operator to acquire it, adding it was confident about its strategic direction.

SAS Shipping Agencies, a unit of MSC confirmed that it does not intend to make an offer for Global Ports, which is owned by Turkish businessman Mehmet Kutman.

Shares of London-listed GPH were down 16.7% at 95 pence as of 1115 GMT.

(Reporting by Shanima A in Bengaluru; Editing by Vinay Dwivedi)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting