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25 April 2019 The on-line newspaper devoted to the world of transports 00:40 GMT+2



April 1, 2019

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Preliminary agreement Contship - TIL for the control of the container terminal of Gioia Tauro

Terminal Investment Ltd. of group MSC she will become only owner of MCT. They are not been profitable famous the terms of the understanding

Today, in concomitanza of the visit of the minister of Infrastructures and the Transports, Danilo Toninelli, to the port of Gioia Tauro, the terminalista group Contship Italy and the Terminal Investment Ltd. of the shipowning group Mediterranean Shipping Company (MSC) they have announced to have reached a preliminary agreement for the control of Medcenter Container Terminal (MCT), the society that manages the terminal containers of the calabrian port(on 15 March 2019).

The understanding previews the cession by Contship Italy of its quota 50% of the capital of CSM Italy Gate, society that stops the entire capital of MCT, to the Luxemburger Itaterminaux Sàrl, company entirely controlled from Terminal Investment Ltd. that she will become therefore only shareholder of CSM Italy Gate. The parts have specified that the conditions of the preliminary agreement remain confidential and that the understanding is subject to approval by the regulation authorities.

In occasion of the announcement of the agreement Contship Italy sincere gratefulness to all has express "the dependent, customers, suppliers and partner of MCT, between which the same TIL for all the support demonstrated towards the activities to Gioia Tauro. A terminal - it has remembered the group - whose operations were under way from Contship 24 years ago". From part its TIL has manifested "gratefulness towards Contship Italy Spa for the excellent collaboration in the course of these years and in particular during the recent negotiations that have carried to the finalizzazione of this preliminary agreement of purchase".

In the negotiations Contship Italy it is assisted by Dolphin and Associated Willkie Farr & Gallagher LLP, in people of lawyers Maurizio Delfino, Stanislao Chimenti and Luca Leonardi, while TIL is assisted by NCTM, in people of lawyers Carlo Grignani, Alberto Torrazza and Ekaterina Aksenova.

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