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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