Sea Freight
MSC Acquires Gram Car Carriers
Acquisition aimed at expanding MSC's reach in the car transportation market
MSC subsidiary, SAS Shipping Agencies Services Sàrl, has taken a majority stake in Norwegian transportation company Gram Car Carriers (GCC).
MSC shareholders approved the bid for 96.8% of GCC shares. SAS has received regulatory approvals from the relevant authorities in Ukraine, Portugal and Japan.
GCC is the world’s third-largest pure car truck carrier (PCTCs) with seventeen vessels of various sizes.
The final settlement will take on or before July 25, 2024.
Read More: MSC Group Makes US$700 Million Offer to Buy Gram Car Carriers
