Infracapital takes over GIP and enters the Italian container market
Infracapital, the infrastructure equity investment arm of M&G Investments, will today sign a deal to take over GIP – Gruppo Investimenti Portuali – thus entering the Italian container terminal business.
GIP is a holding company owned by four groups active in the field of ship agency, freight forwarding and logistics (Finsea, Gastaldi Holding, Tcip e IL Investimenti) and controls significant stakes in four of the most important box terminals in northern Italy.
More specifically GIP holds a majority stake in the Genoa-based SECH Terminal and in the Leghorn-based Terminal Darsena Toscana, plus a 40% share of Voltri Terminal Europa (Genoa) and Vecon terminal (Venice) where the major shareholder is PSA of Singapore. Through SECH Infracapital will also control a 35% share of Consorzio Bettolo that is a joint venture company controlled by MSC Group which will be granted to operate the forthcoming Calata Bettolo terminal set to open in 2019 in Genoa.