Global Ports falls after terminating sale talks with shipping firm MSC
12/07/2022 12:47
** Shares of world's largest cruise port operator Global
Ports Holding Plc GPH.L down 16.7% at 95p
** GPH could see its worst day since February 2021, if
losses hold
** Co terminates talks over its sale with Swiss-based MSC
Mediterranean Shipping Company, adding it was confident in GPH's
strategic direction urn:newsml:reuters.com:*:nL4N2YT2BE
** SAS Shipping Agencies, a unit of MSC confirms that it
does not intend to make an offer for GPH
** Co in June had said it had received an approach about a
potential cash offer from MSC Mediterranean urn:newsml:reuters.com:*:nL4N2Y234B
** GPH has presence in the Caribbean, Mediterranean and
Asia-Pacific regions, operates 26 cruise ports across 14
countries
** Including session losses, stock has fallen ~28% YTD
(Reporting by Radhika Anilkumar in Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com))