UK markets closed
  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     
  • FTSE 250

    19,123.71
    +430.73 (+2.30%)
     
  • AIM

    896.27
    +10.41 (+1.18%)
     
  • GBP/EUR

    1.1618
    -0.0028 (-0.24%)
     
  • GBP/USD

    1.2270
    +0.0009 (+0.07%)
     
  • BTC-GBP

    17,452.51
    -95.25 (-0.54%)
     
  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • DOW

    31,500.68
    +823.32 (+2.68%)
     
  • CRUDE OIL

    107.06
    +2.79 (+2.68%)
     
  • GOLD FUTURES

    1,828.10
    -1.70 (-0.09%)
     
  • NIKKEI 225

    26,491.97
    +320.72 (+1.23%)
     
  • HANG SENG

    21,719.06
    +445.19 (+2.09%)
     
  • DAX

    13,118.13
    +205.54 (+1.59%)
     
  • CAC 40

    6,073.35
    +190.02 (+3.23%)
     

London-listed Global Ports confirms takeover approach from shipping firm MSC

·1-min read
A container ship of the Mediterranean Shipping Company S.A. is seen next to cranes at the San Antonio port

(Reuters) - Global Ports Holding PLC, the world's largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from Swiss-based MSC Mediterranean Shipping Company.

Shares of the London-listed company closed up 19% at 109 pence and marked their best day in two years after Global Ports confirmed a Bloomberg report https://www.bloomberg.com/news/articles/2022-06-15/msc-said-to-weigh-purchase-of-controlling-stake-in-global-ports that MSC was considering taking a controlling stake in Global Ports.

Global Ports, owned by Turkish businessman Mehmet Kutman, said the talks were ongoing and the deadline for the container group to make a firm offer or walk away is July 13.

Global Ports, which has presence in the Caribbean, Mediterranean and Asia-Pacific regions, operates 26 cruise ports across 14 countries and also has a commercial port operation that specialises in container and general cargo handling.

Last month, Global Ports pointed to a strong rebound in cruise activity and said it expects occupancy levels to reach "historical levels" before the end of 2022 calendar year.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Amy Caren Daniel)

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