Singapore's GIC acquires 10% stake in container terminal operator

Photo: Reuters

Singapore’s sovereign wealth fund GIC is acquiring a 10 per cent stake in Terminal Investment Limited (TIL), the sixth largest terminal operator in the world, from Global Infrastructure Partners (GIP) and other existing co-investors, according to an announcement on Friday.

TIL handles container volumes of the Mediterranean Shipping Company (MSC), the world’s second largest container shipping line, and other third parties including Maersk, which is MSC’s 2M shipping alliance partner.

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