Global Ports Holding board terminate takeover talks with MSC Group

GPH - Global Ports Holding (Logo)The board of Global Ports Holding (GPH), the Istanbul based company that is the world’s biggest cruise port operator, has terminated talks with a company that is part of the MSC Mediterranean Shipping Company Holdings group regarding a possible takeover of GPH.

On 15 June, GPH received an approach regarding a potential cash offer for all of the shares in the Company by SAS Shipping Agencies Services Sarl, a wholly-owned subsidiary of MSC Mediterranean Shipping Company Holdings S.A (MSC), and discussions were ongoing.

“GPH’s board of directors has now terminated these talks with SAS,” the port operator said in a statement.

(Global Ports Holding, MSC Cruises)

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