Swiss shipping firm Mediterranean Shipping Company (MSC) has secured permission from the Italian Competition Authority (AGCM) to acquire a minority stake in Italian shipping company Ignazio Messina.

The antitrust regulator has announced that the deal will not raise competition concerns.

The agreement was initially announced in June. According to the contract, MSC subsidiary Marinvest will purchase a 49% stake in Ignazio Messina.

The company will also acquire a 52% stake in a new firm RoRo Italia that will manage four of Messina’s roll-on / roll-off container (ConRo) ships. The vessels are named Jolly Diamante, Jolly Perla, Jolly Titanio and Jolly Cobalto.

Ignazio Messina offers regular services from the Mediterranean to the Middle East, Africa and the Indian subcontinent.

Founded in 1921, Messina operates specialised ConRo vessels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Since 1970 MSC has been providing services to the shipping and logistics sectors in 155 countries. The company operates a fleet of 520 vessels and has over 70,000 employees.

Earlier this month, MSC awarded a contract to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) to build five ultra-large box ships.

The vessels will have a capacity of approximately 23,000 twenty-foot equivalent unit (TEU) and are expected to be delivered by 2021.

In May, MSC raised its interest in container terminal operator Terminal Investment to 60%.

In November 2018, MSC and four other container shipping firms, including AP Moller – Maersk, CMA CGM, Hapag-Lloyd and Ocean Network Express, agreed to form an association to promote digitalisation, standardisation and interoperability in the sector.