Log-In Logistica board approves MSC takeover bid

The board of directors of Brazilian regional container shipping operator Log-In Logistica has given its approval to the acquisition of a 67% stake in the company by Mediterranean Shipping Company (MSC) in a bid valuing Log-In at just over $500m. Log-In has seven boxships trading with another two on order.

Splash reported yesterday that cash-rich MSC has also tabled a bid to take over Bolloré Group’s African logistics business.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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