Global Ports terminates sale talks with shipping firm MSC
12/07/2022 12:37
July 12 (Reuters) - Global Ports Holding Plc GPH.L 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)
((shanima.a@thomsonreuters.com; (Direct: +91 77 6034 7399 );))