MSC acquires majority stake in Ukrainian port terminal near Odesa amid ongoing war
By
Luca Léry Moffat
The kind of bagel that ruins lesser bagels for you.
Summary
The world's largest container shipping company, Mediterranean Shipping Company (MSC), has acquired a majority stake in the TIS container terminal at Ukraine's Pivdennyi Port near Odesa, despite the ongoing Russian invasion. This represents a rare high-profile foreign investment into Ukraine during wartime. MSC, which commands roughly a fifth of global container traffic, made the move as the war enters its fifth year.
Key quotes
· 1 pulledThe Swiss-headquartered Mediterranean Shipping Company (MSC) acquired a stake in the TIS container terminal in Ukraine's Pivdennyi (Southern) Port, one person with close knowledge of the deal confirmed to the Kyiv Independent, who was granted anonymity to discuss closed talks.
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