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Gram Car Carriers agrees to $700 Million acquisition by MSC subsidiary

May 30, 2024
Reading Time: 2 minutes
Gram Car Carriers agrees to $700 Million acquisition by MSC subsidiary

GENEVA : Gram Car Carriers ASA (GCC) has announced the acceptance of a voluntary cash offer from SAS Shipping Agencies Services Sàrl (SAS), a wholly-owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest container shipping line.

The offer involves the acquisition of all outstanding shares of GCC, a Norway-based provider of pure car and truck carrier tonnage.

The deal, first announced in April, is valued at approximately USD $700 million.

The offer represents the first stage in the SAS . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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